Canara Bank Mangalore Dakshina Kannada Karnataka MICR CODE

Find MICR Codes for Canara Bank Mangalore Dakshina Kannada Karnataka

MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bc Road Bantwal
Contact 230329
Bank Details Canara Bank Bc Road Bantwal CNRB0005303
Location Mangalore, Dakshina Kannada
City Mangalore
District Dakshina Kannada
State Karnataka
Pincode 574219
Country IN
Address D n 13 347 12 kaikamba cross b c road mdakshina kannada bantwal karnataka 574219
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 575015060 for Bc Road Bantwal 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 575015060 of Canara Bank, Bc Road Bantwal branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Bc Road Bantwal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Bc Road Bantwal

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 Bc Road Bantwal 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. 575015060 is the MICR code of Canara Bank for Bc Road Bantwal branch. MICR code for Bc Road Bantwal 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 Bc Road Bantwal is presented in the table alongside.

Use of Canara Bank MICR code for Bc Road Bantwal branch in mangalore

The MICR code 575015060 is used in RBI cheque clearing process to identify the branch Bc Road Bantwal 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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