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Corporation Bank Udupi Udupi Karnataka MICR CODE

Find MICR Codes for Corporation Bank Udupi Udupi Karnataka

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Udupi
Contact 0820-2520321
Bank Details Corporation Bank Udupi CORP0000001
Location Udupi, Udupi
City Udupi
District Udupi
State Karnataka
Pincode 576001
Country IN
Address P b no 15 corporation bank building corporation bank road udupi 576001
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 576017002 for Udupi 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 576017002 of Corp Bank, Udupi branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Udupi 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 -

>>Malpe >>Pandeshwar Sastan >>Retail Hub Udupi >>Udupi >>Udupi Ambalapady

MICR code for Corporation Bank Udupi

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 Udupi 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. 576017002 is the MICR code of Corporation Bank for Udupi branch. MICR code for Udupi 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 Udupi is presented in the table alongside.

Use of Corp Bank MICR code for Udupi branch in udupi

The MICR code 576017002 is used in RBI cheque clearing process to identify the branch Udupi 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.