Canara Bank Vishakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Canara Bank Vishakhapatnam Visakhapatnam Andhra Pradesh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Visakhapatnam Yenadada
Contact 0
Bank Details Canara Bank Visakhapatnam Yenadada CNRB0013595
Location Vishakhapatnam, Visakhapatnam
City Vishakhapatnam
District Visakhapatnam
State Andhra Pradesh
Pincode 530045
Country IN
Address Aarcon towers 2 91 by a gitam road yendada visakhapatnam andhra pradesh 530045 india
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 530015041 for Visakhapatnam Yenadada 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 530015041 of Canara Bank, Visakhapatnam Yenadada branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Visakhapatnam Yenadada branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Visakhapatnam Yenadada

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 Visakhapatnam Yenadada 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. 530015041 is the MICR code of Canara Bank for Visakhapatnam Yenadada branch. MICR code for Visakhapatnam Yenadada 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 Visakhapatnam Yenadada is presented in the table alongside.

Use of Canara Bank MICR code for Visakhapatnam Yenadada branch in vishakhapatnam

The MICR code 530015041 is used in RBI cheque clearing process to identify the branch Visakhapatnam Yenadada 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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