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Canara Bank Jalandhar Jalandhar Punjab MICR CODE

Find MICR Codes for Canara Bank Jalandhar Jalandhar Punjab

MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Retail Asset Hub
Contact 0181-2222393/2221158
Bank Details Canara Bank Retail Asset Hub CNRB0003938
Location Jalandhar, Jalandhar
City Jalandhar
District Jalandhar
State Punjab
Pincode 144001
Country IN
Address 1st floor, bmc chowk, jalandhar city pin 144001
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 Retail Asset Hub 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, Retail Asset Hub branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Retail Asset Hub branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Retail Asset Hub

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 Retail Asset Hub 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 Retail Asset Hub branch. MICR code for Retail Asset Hub 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 Retail Asset Hub is presented in the table alongside.

Use of Canara Bank MICR code for Retail Asset Hub branch in jalandhar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Retail Asset Hub 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.