Corporation Bank Hubli Dharwad Dharwad Karnataka MICR CODE

Find MICR Codes for Corporation Bank Hubli Dharwad Dharwad Karnataka

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Anchatageri
Contact 0836 2202081
Bank Details Corporation Bank Anchatageri CORP0001491
Location Hubli Dharwad, Dharwad
City Hubli Dharwad
District Dharwad
State Karnataka
Pincode 580024
Country IN
Address Karwar road, anchatageri village, hubli taluk, dharwad district-580024
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 571017536 for Anchatageri 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 571017536 of Corp Bank, Anchatageri branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Anchatageri branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Anchatageri

Corporation Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Corp Bank MICR code for Anchatageri 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. 571017536 is the MICR code of Corporation Bank for Anchatageri branch. MICR code for Anchatageri 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 Corp Bank Anchatageri is presented in the table alongside.

Use of Corp Bank MICR code for Anchatageri branch in hubli dharwad

The MICR code 571017536 is used in RBI cheque clearing process to identify the branch Anchatageri and Corp 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 Corporation Bank is typically in either of these two font’s: E-138 and CMC-7.

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