Corporation Bank Ambernath Thane Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Ambernath Thane Maharashtra

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MICR Code	400017070
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ambernath
Contact
Bank Details	Corporation Bank Ambernath CORP0001137

Location	Ambernath, Thane
City	Ambernath
District	Thane
State	Maharashtra
Pincode	421501
Country	IN
Address	Door no.2, sai shraddha complex, shiv mandir road, ambernath(e).

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 400017070 for Ambernath 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 400017070 of Corp Bank, Ambernath branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Ambernath 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 -

>>Ambernath

MICR code for Corporation Bank Ambernath

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 Ambernath 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. 400017070 is the MICR code of Corporation Bank for Ambernath branch. MICR code for Ambernath 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 Ambernath is presented in the table alongside.

Use of Corp Bank MICR code for Ambernath branch in ambernath

The MICR code 400017070 is used in RBI cheque clearing process to identify the branch Ambernath 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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