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Canara Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Canara Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Bandra West
Contact 022 - 6421267
Bank Details Canara Bank Mumbai Bandra West CNRB0000103
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400050
Country IN
Address Post bag no. 6662,, 50 hill road,bandra west,, mumbai - 400050
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 400015006 for Mumbai Bandra West 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 400015006 of Canara Bank, Mumbai Bandra West branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Mumbai Bandra West branch, makes the characters readable even if there are other marks and stamps on it.

A total of 118 branches of Canara Bank are available with micr code -

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MICR code for Canara Bank Mumbai Bandra West

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 Mumbai Bandra West 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. 400015006 is the MICR code of Canara Bank for Mumbai Bandra West branch. MICR code for Mumbai Bandra West 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 Mumbai Bandra West is presented in the table alongside.

Use of Canara Bank MICR code for Mumbai Bandra West branch in mumbai

The MICR code 400015006 is used in RBI cheque clearing process to identify the branch Mumbai Bandra West 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.