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Canara Bank Jalandhar Jalandhar Punjab MICR CODE

Find MICR Codes for Canara Bank Jalandhar Jalandhar Punjab

MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Basti Danishmanda
Contact 0
Bank Details Canara Bank Basti Danishmanda CNRB0018166
Location Jalandhar, Jalandhar
City Jalandhar
District Jalandhar
State Punjab
Pincode 144002
Country IN
Address 2 ekta vihar basti danishmanda jalandhar punjab 144002 jalandhar punjab india 144002
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 144015027 for Basti Danishmanda 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 144015027 of Canara Bank, Basti Danishmanda branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Basti Danishmanda branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Basti Danishmanda

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 Basti Danishmanda 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. 144015027 is the MICR code of Canara Bank for Basti Danishmanda branch. MICR code for Basti Danishmanda 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 Basti Danishmanda is presented in the table alongside.

Use of Canara Bank MICR code for Basti Danishmanda branch in jalandhar

The MICR code 144015027 is used in RBI cheque clearing process to identify the branch Basti Danishmanda 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.