Corporation Bank Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for Corporation Bank Jaipur Jaipur Rajasthan

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jaipur Transport
Contact 0141-2640701, 2640702
Bank Details Corporation Bank Jaipur Transport CORP0000681
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode 302004
Country IN
Address Lic of india building ,ground floor,, transport nagar, jaipur - 302004
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 302017004 for Jaipur Transport 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 302017004 of Corp Bank, Jaipur Transport branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Jaipur Transport branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Jaipur Transport

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 Jaipur Transport 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. 302017004 is the MICR code of Corporation Bank for Jaipur Transport branch. MICR code for Jaipur Transport 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 Jaipur Transport is presented in the table alongside.

Use of Corp Bank MICR code for Jaipur Transport branch in jaipur

The MICR code 302017004 is used in RBI cheque clearing process to identify the branch Jaipur Transport 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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