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Corporation Bank Utorda South Goa Goa MICR CODE

Find MICR Codes for Corporation Bank Utorda South Goa Goa

Bank
State
District
City
Branch
Address

MICR Code	403017028
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Uttorda
Contact	0832-2884038
Bank Details	Corporation Bank Uttorda CORP0000234

Location	Utorda, South Goa
City	Utorda
District	South Goa
State	Goa
Pincode	403713
Country	IN
Address	J.b.pereira bldg.utorda,p.o.majorda,403713

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 403017028 for Uttorda 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 403017028 of Corp Bank, Uttorda branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Uttorda 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 -

>>Uttorda

MICR code for Corporation Bank Uttorda

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 Uttorda 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. 403017028 is the MICR code of Corporation Bank for Uttorda branch. MICR code for Uttorda 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 Uttorda is presented in the table alongside.

Use of Corp Bank MICR code for Uttorda branch in utorda

The MICR code 403017028 is used in RBI cheque clearing process to identify the branch Uttorda 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.