Canara Bank Panna Panna Madhya Pradesh MICR CODE

Find MICR Codes for Canara Bank Panna Panna Madhya Pradesh

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Amanganj
Contact 0
Bank Details Canara Bank Amanganj CNRB0008132
Location Panna, Panna
City Panna
District Panna
State Madhya Pradesh
Pincode 488441
Country IN
Address Aaraji 134 8 1 119 7 g 120 2 ch main rd ward no4 panna katni rd amanganj panna dist madhya pradesh 488441
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 Amanganj 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, Amanganj branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Amanganj branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Canara Bank are available with micr code -

>>Amanganj >>Mandideep Ii >>Panna

MICR code for Canara Bank Amanganj

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

Use of Canara Bank MICR code for Amanganj branch in panna

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