Corporation Bank Kandali Hassan Karnataka MICR CODE

Find MICR Codes for Corporation Bank Kandali Hassan Karnataka

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MICR Code	573017303
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kandali
Contact	08172-256854
Bank Details	Corporation Bank Kandali CORP0000190

Location	Kandali, Hassan
City	Kandali
District	Hassan
State	Karnataka
Pincode	573217
Country	IN
Address	Lakshmi nilaya bylahally road,kandali-573217

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 573017303 for Kandali 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 573017303 of Corp Bank, Kandali branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Kandali 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 -

>>Kandali

MICR code for Corporation Bank Kandali

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 Kandali 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. 573017303 is the MICR code of Corporation Bank for Kandali branch. MICR code for Kandali 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 Kandali is presented in the table alongside.

Use of Corp Bank MICR code for Kandali branch in kandali

The MICR code 573017303 is used in RBI cheque clearing process to identify the branch Kandali 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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