Let Others Know
×
LinkedIn
Email
WhatsApp

Corporation Bank Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for Corporation Bank Vadodara Vadodara Gujarat

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vadodara Cpbb
Contact 0265-2350963
Bank Details Corporation Bank Vadodara Cpbb CORP0000616
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 390020
Country IN
Address Ist fl,old padha road,vadodara,390020
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 390017005 for Vadodara Cpbb 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 390017005 of Corp Bank, Vadodara Cpbb branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Vadodara Cpbb branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Vadodara Cpbb

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 Vadodara Cpbb 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. 390017005 is the MICR code of Corporation Bank for Vadodara Cpbb branch. MICR code for Vadodara Cpbb 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 Vadodara Cpbb is presented in the table alongside.

Use of Corp Bank MICR code for Vadodara Cpbb branch in vadodara

The MICR code 390017005 is used in RBI cheque clearing process to identify the branch Vadodara Cpbb 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.