Canara Bank Phajeer
Phajeer · Dakshin Kannad, Karnataka
575015050 is the MICR code for the Phajeer branch of Canara Bank, located in Dakshin Kannad, Karnataka. 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 CNRB0003634.
Bank
Canara Bank
Branch & Address
Phajeer
Canara Bank, R L Complex, Grama Chavadi, Phajeer Junction, Phajeer - 574 181, Bantwal Taluk, Dakshina Kannada Dist Karnataka
Dakshin Kannad, Bantval, Karnataka
Contact
+911234567890MICR Code Structure
575
City
015
Bank
050
Branch
City code 575 identifies the RBI clearing centre, bank code 015 identifies Canara Bank, and branch code 050 identifies this specific branch.
Online Payment Methods Supported
Other Canara Bank branches near Dakshin Kannad
Other banks in Dakshin Kannad, Karnataka
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 (CNRB0003634) 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 575015050 is in the middle, and your account number is on the right.