Corporation Bank Junagadh Junagadh Gujarat MICR CODE

Find MICR Codes for Corporation Bank Junagadh Junagadh Gujarat

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Junagadh 362001(Gujrath)
Contact 0285-2671026, 2671027
Bank Details Corporation Bank Junagadh 362001(Gujrath) CORP0001178
Location Junagadh, Junagadh
City Junagadh
District Junagadh
State Gujarat
Pincode 362001
Country IN
Address Marry gold iii, opp : bahauddin college college road, junagadh-362001.
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 17000 for Junagadh 362001(Gujrath) 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 17000 of Corp Bank, Junagadh 362001(Gujrath) branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Junagadh 362001(Gujrath) 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 -

>>Junagadh 362001(Gujrath)

MICR code for Corporation Bank Junagadh 362001(Gujrath)

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 Junagadh 362001(Gujrath) 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. 17000 is the MICR code of Corporation Bank for Junagadh 362001(Gujrath) branch. MICR code for Junagadh 362001(Gujrath) 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 Junagadh 362001(Gujrath) is presented in the table alongside.

Use of Corp Bank MICR code for Junagadh 362001(Gujrath) branch in junagadh

The MICR code 17000 is used in RBI cheque clearing process to identify the branch Junagadh 362001(Gujrath) 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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