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 Salem Periyar University
Contact 0427- 2345196
Bank Details Canara Bank Salem Periyar University CNRB0008450
Location Salem, Salem
City Salem
District Salem
State Tamil Nadu
Pincode 636011
Country IN
Address Salem periyar university , periyar palkalai nagar, salem-636011, tamil nadu.
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 636015024 for Salem Periyar University 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 636015024 of Canara Bank, Salem Periyar University branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Salem Periyar University branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Salem Periyar University

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 Salem Periyar University 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. 636015024 is the MICR code of Canara Bank for Salem Periyar University branch. MICR code for Salem Periyar University 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 Salem Periyar University is presented in the table alongside.

Use of Canara Bank MICR code for Salem Periyar University branch in salem

The MICR code 636015024 is used in RBI cheque clearing process to identify the branch Salem Periyar University 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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