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Corporation Bank Madivala Bangalore Karnataka MICR CODE

Find MICR Codes for Corporation Bank Madivala Bangalore Karnataka

Bank
State
District
City
Branch
Address

MICR Code	560017086
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bangalore Madivala
Contact	080-25631156
Bank Details	Corporation Bank Bangalore Madivala CORP0001228

Location	Madivala, Bangalore
City	Madivala
District	Bangalore
State	Karnataka
Pincode	560068
Country	IN
Address	N0.6 and 7, ground floor, hosur road

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 560017086 for Bangalore Madivala 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 560017086 of Corp Bank, Bangalore Madivala branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Bangalore Madivala branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Corporation Bank are available with micr code -

>>Bangalore Madivala

MICR code for Corporation Bank Bangalore Madivala

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 Madivala 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. 560017086 is the MICR code of Corporation Bank for Bangalore Madivala branch. MICR code for Bangalore Madivala 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 Madivala is presented in the table alongside.

Use of Corp Bank MICR code for Bangalore Madivala branch in madivala

The MICR code 560017086 is used in RBI cheque clearing process to identify the branch Bangalore Madivala 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.