Corporation Bank Calangute North Goa Goa MICR CODE

Find MICR Codes for Corporation Bank Calangute North Goa Goa

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Calangute Goa
Contact 0832-2277062
Bank Details Corporation Bank Calangute Goa CORP0000580
Location Calangute, North Goa
City Calangute
District North Goa
State Goa
Pincode 403516
Country IN
Address Gauravado,calangute beach,403516
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 403017006 for Calangute Goa 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 403017006 of Corp Bank, Calangute Goa branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Calangute Goa 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 -

>>Calangute Goa

MICR code for Corporation Bank Calangute Goa

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 Calangute Goa 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. 403017006 is the MICR code of Corporation Bank for Calangute Goa branch. MICR code for Calangute Goa 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 Calangute Goa is presented in the table alongside.

Use of Corp Bank MICR code for Calangute Goa branch in calangute

The MICR code 403017006 is used in RBI cheque clearing process to identify the branch Calangute Goa 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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