Canara Bank Vegakollai Cuddalore Tamil Nadu MICR CODE

Find MICR Codes for Canara Bank Vegakollai Cuddalore Tamil Nadu

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vegakollai
Contact
Bank Details Canara Bank Vegakollai CNRB0003857
Location Vegakollai, Cuddalore
City Vegakollai
District Cuddalore
State Tamil Nadu
Pincode 607302
Country IN
Address Canara bank,vegakollai village & post, kurinjipadi via. Panruti tk. Cuddalore dist. Tamil nadu, pin. 607302.
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 Vegakollai 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, Vegakollai branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Vegakollai 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 -

>>Vegakollai

MICR code for Canara Bank Vegakollai

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 Vegakollai 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 Vegakollai branch. MICR code for Vegakollai 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 Vegakollai is presented in the table alongside.

Use of Canara Bank MICR code for Vegakollai branch in vegakollai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Vegakollai 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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