Corporation Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Corporation Bank Bhopal Bhopal Madhya Pradesh

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhopal Bagh Sewania
Contact 0755-2480461
Bank Details Corporation Bank Bhopal Bagh Sewania CORP0001690
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462043
Country IN
Address Hig-2/85,opp:central plaza,commercial complex,baghmughalia,80ft wide main road,bhopal 462043 madhya pradesh
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 0 for Bhopal Bagh Sewania 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 0 of Corp Bank, Bhopal Bagh Sewania branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Bhopal Bagh Sewania branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Bhopal Bagh Sewania

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 Bhopal Bagh Sewania 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. 0 is the MICR code of Corporation Bank for Bhopal Bagh Sewania branch. MICR code for Bhopal Bagh Sewania 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 Bhopal Bagh Sewania is presented in the table alongside.

Use of Corp Bank MICR code for Bhopal Bagh Sewania branch in bhopal

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bhopal Bagh Sewania 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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