IFSC Code of CANARA BANK, PALDI branch, AHMEDABAD, GUJARAT

  • What is a MICR Code?

    Magnetic Ink Character Recognition (MICR) may be a printing technology utilized in the banking system to print the MICR code. MICR code is a unique 9-digit code allocated by Reserve of India (RBI) to the bank branches in India which are contributing to Electronic Clearing System (ECS).

    The MICR code is typically printed on rock bottom of the cheque leaf which facilitates easy processing. Also, it is found on the first page of the bank passbook. The first three digits denote city code, the middle three digits denote bank code and the last three digits denote branch code. With this code, machines can process cheques faster.

    MICR code is mandatory for online fund transfers. As the MICR code is printed with ink , machines can easily read the code, thus minimizes errors.

    By using online MICR code finder, you'll easily find your bank’s MICR code. To find MICR code, provide your bank’s name, state, district and bank branch. The MICR code will appear along with the details of your bank branch.

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