Canara Bank Muktsar Muktsar Punjab MICR CODE

Find MICR Codes for Canara Bank Muktsar Muktsar Punjab

Bank
State
District
City
Branch
Address

MICR Code	152015402
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Muktsar
Contact	01633-261960
Bank Details	Canara Bank Muktsar CNRB0003162

Location	Muktsar, Muktsar
City	Muktsar
District	Muktsar
State	Punjab
Pincode	152026
Country	IN
Address	4147,abhor road, near new grain market and sadar bazar, muktsar - 152026

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 152015402 for Muktsar 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 152015402 of Canara Bank, Muktsar branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Muktsar 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 -

>>Malout Ii >>Muktsar >>Muktsar Ii

MICR code for Canara Bank Muktsar

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 Muktsar 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. 152015402 is the MICR code of Canara Bank for Muktsar branch. MICR code for Muktsar 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 Muktsar is presented in the table alongside.

Use of Canara Bank MICR code for Muktsar branch in muktsar

The MICR code 152015402 is used in RBI cheque clearing process to identify the branch Muktsar 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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