Corporation Bank Karkala Udupi Karnataka MICR CODE

Find MICR Codes for Corporation Bank Karkala Udupi Karnataka

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MICR Code	574017002
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Karkala
Contact	08258-230225
Bank Details	Corporation Bank Karkala CORP0000148

Location	Karkala, Udupi
City	Karkala
District	Udupi
State	Karnataka
Pincode	574104
Country	IN
Address	Main road salmar p b no 16 karkala 574104

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 574017002 for Karkala 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 574017002 of Corp Bank, Karkala branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Karkala branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Corporation Bank are available with micr code -

>>Karkala >>Mala >>St. Josephs Higher Primary School Belman

MICR code for Corporation Bank Karkala

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 Karkala 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. 574017002 is the MICR code of Corporation Bank for Karkala branch. MICR code for Karkala 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 Karkala is presented in the table alongside.

Use of Corp Bank MICR code for Karkala branch in karkala

The MICR code 574017002 is used in RBI cheque clearing process to identify the branch Karkala 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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