Corporation Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Pune Pune Maharashtra

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MICR Code	411017017
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chakan
Contact	(02135) -252541,252542
Bank Details	Corporation Bank Chakan CORP0001159

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	410501
Country	IN
Address	Chakan shikrapur road tal-khed,dist-pune pin-410501

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 411017017 for Chakan 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 411017017 of Corp Bank, Chakan branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Chakan branch, makes the characters readable even if there are other marks and stamps on it.

A total of 25 branches of Corporation Bank are available with micr code -

>>Army Public School Pune >>Bhugaon >>Chakan >>Markal >>Pargaon Tarf Khed >>Pune Aundh >>Pune Aundh >>Pune Baner >>Pune Bhosari >>Pune Caps >>Pune Cms Core >>Pune Deccan Ghymkhana >>Pune Hadapsar >>Pune Hq.Southern Command >>Pune Karvenagar >>Pune Kondhwa >>Pune Main >>Pune Navipeth >>Pune Pimple Saudagar >>Pune Sarasbaug >>Pune Shivajinagar >>Pune Somwarpet >>Pune Viman Nagar >>Wanewadi >>Zonal Office Pune

MICR code for Corporation Bank Chakan

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 Chakan 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. 411017017 is the MICR code of Corporation Bank for Chakan branch. MICR code for Chakan 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 Chakan is presented in the table alongside.

Use of Corp Bank MICR code for Chakan branch in pune

The MICR code 411017017 is used in RBI cheque clearing process to identify the branch Chakan 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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