Canara Bank Salem Salem Tamil Nadu MICR CODE

Find MICR Codes for Canara Bank Salem Salem Tamil Nadu

MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mcb Salem
Contact Cb5100@canarabank.Com
Bank Details Canara Bank Mcb Salem CNRB0005100
Location Salem, Salem
City Salem
District Salem
State Tamil Nadu
Pincode 636001
Country IN
Address Csi building fort main road salem tamil nadu 636 001
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 0 for Mcb Salem 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 0 of Canara Bank, Mcb Salem branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Mcb Salem branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Mcb Salem

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 Mcb Salem 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. 0 is the MICR code of Canara Bank for Mcb Salem branch. MICR code for Mcb Salem 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 Mcb Salem is presented in the table alongside.

Use of Canara Bank MICR code for Mcb Salem branch in salem

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mcb Salem 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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