Corporation Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Corporation Bank Bangalore Bangalore Urban Karnataka

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MICR Code	560017062
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Devanahalli
Contact	080-27683046
Bank Details	Corporation Bank Devanahalli CORP0000752

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	562110
Country	IN
Address	Jain temp,devanhalli town,bangalore-562110

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 560017062 for Devanahalli 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 560017062 of Corp Bank, Devanahalli branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Devanahalli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 75 branches of Corporation Bank are available with micr code -

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MICR code for Corporation Bank Devanahalli

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 Devanahalli 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. 560017062 is the MICR code of Corporation Bank for Devanahalli branch. MICR code for Devanahalli 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 Devanahalli is presented in the table alongside.

Use of Corp Bank MICR code for Devanahalli branch in bangalore

The MICR code 560017062 is used in RBI cheque clearing process to identify the branch Devanahalli 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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