Canara Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Canara Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ghansoli
Contact 8452863369
Bank Details Canara Bank Ghansoli CNRB0004223
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400709
Country IN
Address Shop no. 8 & 9, trishul gold coast, plot no. 13, 14 & 15, sector 9, ghansoli, navi mumbai 400709
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 400015117 for Ghansoli 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 400015117 of Canara Bank, Ghansoli branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ghansoli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Ghansoli

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 Ghansoli 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. 400015117 is the MICR code of Canara Bank for Ghansoli branch. MICR code for Ghansoli 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 Ghansoli is presented in the table alongside.

Use of Canara Bank MICR code for Ghansoli branch in mumbai

The MICR code 400015117 is used in RBI cheque clearing process to identify the branch Ghansoli 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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