IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.
CANARA BANK KAIRANA ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main payment and settlement systems in India.
1) RTGS : Real Time Gross Settlement 2) NEFT : National Electronic Fund Transfer
For Example :
CANARA BANK KAIRANA ifsc code : CNRB0002177 is 11 digit Unique IFSC Code.
First 4 characters represents Bank Code : CNRB for Bank : CANARA BANK
5th character is Zero and it is reserved for future reference
Last 6 characters represents Branch Code : 002177 for Bank Branch KAIRANA
Anatomy of a Cheque
The above image represent cheque format which locates IFSC Code and MICR Code in Red Box
MICR code for canara bank kairana represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.
MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).
MICR Code for CANARA BANK : 247015353 is 9 digit Unique MICR Code.
First 3 digits represents CityCode Code : 247 for City : KAIRANA
Middle 3 digits reprents Bank Code: 015 for Bank : CANARA BANK
Last 3 digits represents Branch Code : 535 for Bank Branch KAIRANA
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