Corporation Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Corporation Bank Indore Indore Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	452017001
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Indore Mini Caps
Contact	0731 2525222
Bank Details	Corporation Bank Indore Mini Caps CORP0000931

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452001
Country	IN
Address	Mini caps - indore,mini caps - indore,regal square,indore

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 452017001 for Indore Mini Caps 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 452017001 of Corp Bank, Indore Mini Caps branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Indore Mini Caps branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Corporation Bank are available with micr code -

>>Indore Annapurna Road >>Indore Bengali Chourah >>Indore Main >>Indore Mini Caps >>Indore New Palasia Cpbb >>Indore Sapna Sangeeta Road >>Indore Vijaynagar >>Indorenew Loha Mandi >>Indoreratlam Kothi >>Kishanganj(Mhow)

MICR code for Corporation Bank Indore Mini Caps

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 Indore Mini Caps 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. 452017001 is the MICR code of Corporation Bank for Indore Mini Caps branch. MICR code for Indore Mini Caps 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 Indore Mini Caps is presented in the table alongside.

Use of Corp Bank MICR code for Indore Mini Caps branch in indore

The MICR code 452017001 is used in RBI cheque clearing process to identify the branch Indore Mini Caps 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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