Corporation Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Corporation Bank Madurai Madurai Tamil Nadu

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Tiruchirapalli
Contact 0431-2766322
Bank Details Corporation Bank Tiruchirapalli CORP0000261
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 620008
Country IN
Address Sree complex,18, madurai road, p.b.no 494, tiruchirapalli-620008
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 620017002 for Tiruchirapalli 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 620017002 of Corp Bank, Tiruchirapalli branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Tiruchirapalli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Corporation Bank are available with micr code -

>>Madurai By Pass Road Branch Madurai >>Madurai Vengalakadai St >>Madurai Westmasi St. >>Sme Madurai >>Tiruchirapalli

MICR code for Corporation Bank Tiruchirapalli

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 Tiruchirapalli 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. 620017002 is the MICR code of Corporation Bank for Tiruchirapalli branch. MICR code for Tiruchirapalli 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 Tiruchirapalli is presented in the table alongside.

Use of Corp Bank MICR code for Tiruchirapalli branch in madurai

The MICR code 620017002 is used in RBI cheque clearing process to identify the branch Tiruchirapalli 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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