Canara Bank Malegaon
Malegaon · Nasik, Maharashtra
423015101 is the MICR code for the Malegaon branch of Canara Bank, located in Nasik, Maharashtra. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code CNRB0006170.
Bank
Canara Bank
Branch & Address
Malegaon
Canara Bank 287 B 1 1 Old Agra Road Near Mausam Pul Malegaon Nasik Dt Malegaon Maharashtra 423203
Nasik, Malegaon, Maharashtra
Contact
+914222558412MICR Code Structure
423
City
015
Bank
101
Branch
City code 423 identifies the RBI clearing centre, bank code 015 identifies Canara Bank, and branch code 101 identifies this specific branch.
Online Payment Methods Supported
Other Canara Bank branches near Nasik
Other banks in Nasik, Maharashtra
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (CNRB0006170) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 423015101 is in the middle, and your account number is on the right.