Let Others Know
×
LinkedIn
Email
WhatsApp

Corporation Bank Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Corporation Bank Rajkot Rajkot Gujarat

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rajkot Cpbb
Contact 0281-2584453
Bank Details Corporation Bank Rajkot Cpbb CORP0000613
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 360005
Country IN
Address Univr.rd,indira gandhicircle,rajkot,360005
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 360017004 for Rajkot Cpbb 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 360017004 of Corp Bank, Rajkot Cpbb branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Rajkot Cpbb branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Corporation Bank are available with micr code -

>>Kankot >>Lic Of India Rajkot Ec >>Morbi >>Rajkot >>Rajkot Cpbb >>Rajkot Ssi >>Vavdi >>Zonal Office Rajkot

MICR code for Corporation Bank Rajkot Cpbb

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 Rajkot Cpbb 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. 360017004 is the MICR code of Corporation Bank for Rajkot Cpbb branch. MICR code for Rajkot Cpbb 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 Rajkot Cpbb is presented in the table alongside.

Use of Corp Bank MICR code for Rajkot Cpbb branch in rajkot

The MICR code 360017004 is used in RBI cheque clearing process to identify the branch Rajkot Cpbb 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.