MICR Code Bank
Find MICR code for Canara Bank branches in India for NEFT and RTGS transfer

Canara Bank MICR CODE

Find MICR Codes for Canara Bank

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  1. Canara Bank »
  2. Karnataka »
  3. dakshina kannada »
  4. mangalore »
  5. hoige bazaar mangalore

Find MICR Codes for Canara Bank

MICR Code: 575015010
Bank: Canara Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Hoige Bazaar Mangalore
Contact: 0824 -2421232
Bank Details: Canara Bank Hoige Bazaar Mangalore CNRB0001394
Location: Mangalore, Dakshina Kannada
City: Mangalore
District: Dakshina Kannada
State: Karnataka
Pincode: 575001
Country: IN
Address: No.309,st.uruline convent comp, rosario church, hoige bazar,, mangalore 575 001,

How does MICR code for 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 of Canara Bank, branch makes the system almost error free and faster. Use of Canara Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank

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

Use of Canara Bank MICR code for branch in mangalore

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