Canara Bank Navi Mumbai Navi Mumbai Maharashtra MICR CODE

Find MICR Codes for Canara Bank Navi Mumbai Navi Mumbai Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ulawe Sector
Contact -
Bank Details Canara Bank Ulawe Sector CNRB0007731
Location Navi Mumbai, Navi Mumbai
City Navi Mumbai
District Navi Mumbai
State Maharashtra
Pincode 410206
Country IN
Address Shop no4 7 tapovan aura plot no 174 thakur marg sector 9 navi mumbai raigarh dist maharastra 410206
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Ulawe Sector branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Canara Bank, Ulawe Sector branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ulawe Sector branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Canara Bank are available with micr code -

>>Ulawe Sector

MICR code for Canara Bank Ulawe Sector

Canara Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Canara Bank MICR code for Ulawe Sector is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of Canara Bank for Ulawe Sector branch. MICR code for Ulawe Sector branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Canara Bank Ulawe Sector is presented in the table alongside.

Use of Canara Bank MICR code for Ulawe Sector branch in navi mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ulawe Sector and Canara Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Canara Bank is typically in either of these two font’s: E-138 and CMC-7.

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