Corporation Bank Velsao South Goa Goa MICR CODE

Find MICR Codes for Corporation Bank Velsao South Goa Goa

Bank
State
District
City
Branch
Address

MICR Code	403017030
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Velsao
Contact	0832-2754590
Bank Details	Corporation Bank Velsao CORP0000551

Location	Velsao, South Goa
City	Velsao
District	South Goa
State	Goa
Pincode	403712
Country	IN
Address	Panchayat office,kansaulim po velsao-403712

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 403017030 for Velsao 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 403017030 of Corp Bank, Velsao branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Velsao 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 -

>>Velsao

MICR code for Corporation Bank Velsao

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 Velsao 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. 403017030 is the MICR code of Corporation Bank for Velsao branch. MICR code for Velsao 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 Velsao is presented in the table alongside.

Use of Corp Bank MICR code for Velsao branch in velsao

The MICR code 403017030 is used in RBI cheque clearing process to identify the branch Velsao 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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