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Corporation Bank Vaderahobali Udupi Karnataka MICR CODE

Find MICR Codes for Corporation Bank Vaderahobali Udupi Karnataka

Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vaderahobli
Contact 08254-230510
Bank Details Corporation Bank Vaderahobli CORP0000273
Location Vaderahobali, Udupi
City Vaderahobali
District Udupi
State Karnataka
Pincode 576201
Country IN
Address I floor n.h.17,main rd,vaderahobali, 576201
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 576017203 for Vaderahobli 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 576017203 of Corp Bank, Vaderahobli branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Vaderahobli 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 -

>>Kundapur >>Vaderahobli

MICR code for Corporation Bank Vaderahobli

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 Vaderahobli 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. 576017203 is the MICR code of Corporation Bank for Vaderahobli branch. MICR code for Vaderahobli 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 Vaderahobli is presented in the table alongside.

Use of Corp Bank MICR code for Vaderahobli branch in vaderahobali

The MICR code 576017203 is used in RBI cheque clearing process to identify the branch Vaderahobli 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.