Canara Bank Rupnagar Sas Nagar Mohali Punjab MICR CODE

Find MICR Codes for Canara Bank Rupnagar Sas Nagar Mohali Punjab

Bank
State
District
City
Branch
Address

MICR Code	160015064
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Dera Bassi Ii
Contact	0
Bank Details	Canara Bank Dera Bassi Ii CNRB0018129

Location	Rupnagar, Sas Nagar Mohali
City	Rupnagar
District	Sas Nagar Mohali
State	Punjab
Pincode	140507
Country	IN
Address	Ambala chandigarh road derabassi distt sas nagar mohali derra bassi punjab india 140507

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 160015064 for Dera Bassi 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 160015064 of Canara Bank, Dera Bassi Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Dera Bassi Ii 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 -

>>Dera Bassi Ii >>Krishi Samruddhi Kendra >>Mohali Sector Eighty Two

MICR code for Canara Bank Dera Bassi 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 Dera Bassi 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. 160015064 is the MICR code of Canara Bank for Dera Bassi Ii branch. MICR code for Dera Bassi 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 Dera Bassi Ii is presented in the table alongside.

Use of Canara Bank MICR code for Dera Bassi Ii branch in rupnagar

The MICR code 160015064 is used in RBI cheque clearing process to identify the branch Dera Bassi 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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