Corporation Bank Mani Majra Chandigarh Chandigarh MICR CODE

Find MICR Codes for Corporation Bank Mani Majra Chandigarh Chandigarh

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MICR Code	160017012
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chandigarh Manimajra
Contact
Bank Details	Corporation Bank Chandigarh Manimajra CORP0001477

Location	Mani Majra, Chandigarh
City	Mani Majra
District	Chandigarh
State	Chandigarh
Pincode	160101
Country	IN
Address	Scf : 22, new motor maket, new bus stand, manimajra, chandigarh-160101

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 160017012 for Chandigarh Manimajra 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 160017012 of Corp Bank, Chandigarh Manimajra branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Chandigarh Manimajra 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 -

>>Chandigarh Manimajra

MICR code for Corporation Bank Chandigarh Manimajra

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 Chandigarh Manimajra 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. 160017012 is the MICR code of Corporation Bank for Chandigarh Manimajra branch. MICR code for Chandigarh Manimajra 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 Chandigarh Manimajra is presented in the table alongside.

Use of Corp Bank MICR code for Chandigarh Manimajra branch in mani majra

The MICR code 160017012 is used in RBI cheque clearing process to identify the branch Chandigarh Manimajra 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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