Canara Bank Navi Mumbai Navi Mumbai Maharashtra MICR CODE

Find MICR Codes for Canara Bank Navi Mumbai Navi Mumbai Maharashtra

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MICR Code	-NA-
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Retail Asset Hub Vashi
Contact	0-18001030
Bank Details	Canara Bank Retail Asset Hub Vashi CNRB0009309

Location	Navi Mumbai, Navi Mumbai
City	Navi Mumbai
District	Navi Mumbai
State	Maharashtra
Pincode	400705
Country	IN
Address	1st floor unit no 5, plot no 179, banking complex - 1, apmc turbhe vashi, navimumbai, thane, maharashtra - 400705

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

A total of 2 branches of Canara Bank are available with micr code -

>>Retail Asset Hub Vashi >>Ulawe Sector

MICR code for Canara Bank Retail Asset Hub Vashi

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

Use of Canara Bank MICR code for Retail Asset Hub Vashi branch in navi mumbai

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