Corporation Bank Chikmagalur Chikmagalur Karnataka MICR CODE

Find MICR Codes for Corporation Bank Chikmagalur Chikmagalur Karnataka

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MICR Code	-NA-
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chiko Bank
Contact	08262-231475
Bank Details	Corporation Bank Chiko Bank CORP0CK0001

Location	Chikmagalur, Chikmagalur
City	Chikmagalur
District	Chikmagalur
State	Karnataka
Pincode	577101
Country	IN
Address	Chikmagalur kodagu grameena bank, head office, i g road, chikmagalur-577 101

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

A total of 2 branches of Corporation Bank are available with micr code -

>>Chikkamagalur Basavanahalli Extensn >>Chiko Bank

MICR code for Corporation Bank Chiko Bank

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 Chiko Bank 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 Chiko Bank branch. MICR code for Chiko Bank 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 Chiko Bank is presented in the table alongside.

Use of Corp Bank MICR code for Chiko Bank branch in chikmagalur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chiko Bank 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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