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Corporation Bank Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for Corporation Bank Vadodara Vadodara Gujarat

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bangalore Indiranagar
Contact 080-25263260
Bank Details Corporation Bank Bangalore Indiranagar CORP0000398
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 560008
Country IN
Address Hal ii stage, indiranagar, b'galore560008
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 560017019 for Bangalore Indiranagar 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 560017019 of Corp Bank, Bangalore Indiranagar branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Bangalore Indiranagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Bangalore Indiranagar

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 Bangalore Indiranagar 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. 560017019 is the MICR code of Corporation Bank for Bangalore Indiranagar branch. MICR code for Bangalore Indiranagar 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 Bangalore Indiranagar is presented in the table alongside.

Use of Corp Bank MICR code for Bangalore Indiranagar branch in vadodara

The MICR code 560017019 is used in RBI cheque clearing process to identify the branch Bangalore Indiranagar 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.