Corporation Bank Ramnagar Nainital Uttrakhand MICR CODE

Find MICR Codes for Corporation Bank Ramnagar Nainital Uttrakhand

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jassaganja
Contact 8445767900
Bank Details Corporation Bank Jassaganja CORP0001976
Location Ramnagar, Nainital
City Ramnagar
District Nainital
State Uttrakhand
Pincode 244715
Country IN
Address Post chilkiya, tehsil ramnagar, dist nainital- 244715 uttarakhand
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 Jassaganja 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, Jassaganja branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Jassaganja 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 -

>>Jassaganja >>Ramanagar Uttarakhand

MICR code for Corporation Bank Jassaganja

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 Jassaganja 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 Jassaganja branch. MICR code for Jassaganja 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 Jassaganja is presented in the table alongside.

Use of Corp Bank MICR code for Jassaganja branch in ramnagar

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