Canara Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Canara Bank Hyderabad Hyderabad Telangana

Bank
State
District
City
Branch
Address

MICR Code	500015077
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Pragathi Nagar Hyderabad
Contact	9000335625
Bank Details	Canara Bank Pragathi Nagar Hyderabad CNRB0004173

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Telangana
Pincode	500071
Country	IN
Address	Plot no 1983 g floor near srikrishna marriage hall incois circle pragati nagar pragathi nagar hyderabad telangana 500071

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 500015077 for Pragathi Nagar Hyderabad 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 500015077 of Canara Bank, Pragathi Nagar Hyderabad branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Pragathi Nagar Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 81 branches of Canara Bank are available with micr code -

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MICR code for Canara Bank Pragathi Nagar Hyderabad

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 Pragathi Nagar Hyderabad 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. 500015077 is the MICR code of Canara Bank for Pragathi Nagar Hyderabad branch. MICR code for Pragathi Nagar Hyderabad 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 Pragathi Nagar Hyderabad is presented in the table alongside.

Use of Canara Bank MICR code for Pragathi Nagar Hyderabad branch in hyderabad

The MICR code 500015077 is used in RBI cheque clearing process to identify the branch Pragathi Nagar Hyderabad 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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