Canara Bank Nagpur Wadi Maharashtra MICR CODE

Find MICR Codes for Canara Bank Nagpur Wadi Maharashtra

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wadi Ii
Contact 0
Bank Details Canara Bank Wadi Ii CNRB0015256
Location Nagpur, Wadi
City Nagpur
District Wadi
State Maharashtra
Pincode 440023
Country IN
Address 235 by 3 agarwal estate amarvati road wadi nagpur 440 023
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 440015036 for Wadi Ii 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 440015036 of Canara Bank, Wadi Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Wadi Ii 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 -

>>Wadi Ii

MICR code for Canara Bank Wadi Ii

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 Wadi Ii 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. 440015036 is the MICR code of Canara Bank for Wadi Ii branch. MICR code for Wadi Ii 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 Wadi Ii is presented in the table alongside.

Use of Canara Bank MICR code for Wadi Ii branch in nagpur

The MICR code 440015036 is used in RBI cheque clearing process to identify the branch Wadi Ii 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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