Canara Bank Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for Canara Bank Amritsar Amritsar Punjab

MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Amritsar Majitha Road
Contact 0
Bank Details Canara Bank Amritsar Majitha Road CNRB0018101
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143004
Country IN
Address 182 by 1 main majitha road ganda singh wala amritsar amritsar punjab 143 004
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 143015018 for Amritsar Majitha Road 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 143015018 of Canara Bank, Amritsar Majitha Road branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Amritsar Majitha Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Amritsar Majitha Road

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 Amritsar Majitha Road 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. 143015018 is the MICR code of Canara Bank for Amritsar Majitha Road branch. MICR code for Amritsar Majitha Road 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 Amritsar Majitha Road is presented in the table alongside.

Use of Canara Bank MICR code for Amritsar Majitha Road branch in amritsar

The MICR code 143015018 is used in RBI cheque clearing process to identify the branch Amritsar Majitha Road 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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