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Corporation Bank Ratlam Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for Corporation Bank Ratlam Ratlam Madhya Pradesh

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ratlam
Contact  07412-242233, 242244
Bank Details Corporation Bank Ratlam COPR0001206
Location Ratlam, Ratlam
City Ratlam
District Ratlam
State Madhya Pradesh
Pincode 457001
Country IN
Address Corporaion bank,80, reliable trade centre,ground floor, station road, ratlam madhya pradesh
MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ratlam
Contact 07412-242233
Bank Details Corporation Bank Ratlam CORP0001206
Location Ratlam, Ratlam
City Ratlam
District Ratlam
State Madhya Pradesh
Pincode 457001
Country IN
Address 80, reliable trade centre, ground floor, station road, ratlam-457001
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 457017002 for Ratlam 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 457017002 of Corp Bank, Ratlam branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Ratlam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Corporation Bank are available with micr code -

>>Ratlam >>Ratlam

MICR code for Corporation Bank Ratlam

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 Ratlam 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. 457017002 is the MICR code of Corporation Bank for Ratlam branch. MICR code for Ratlam 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 Ratlam is presented in the table alongside.

Use of Corp Bank MICR code for Ratlam branch in ratlam

The MICR code 457017002 is used in RBI cheque clearing process to identify the branch Ratlam 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.