Corporation Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Kolhapur Kolhapur Maharashtra

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	416017002
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kolhapur
Contact	0231-2641450
Bank Details	Corporation Bank Kolhapur CORP0000182

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416002
Country	IN
Address	C-ward, laxmipuri,kolhapur-416 002

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 416017002 for Kolhapur 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 416017002 of Corp Bank, Kolhapur branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Kolhapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Corporation Bank are available with micr code -

>>Kolhapur >>Kolhapur Tarabai Park >>Latwade >>Wadange

MICR code for Corporation Bank Kolhapur

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 Kolhapur 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. 416017002 is the MICR code of Corporation Bank for Kolhapur branch. MICR code for Kolhapur 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 Kolhapur is presented in the table alongside.

Use of Corp Bank MICR code for Kolhapur branch in kolhapur

The MICR code 416017002 is used in RBI cheque clearing process to identify the branch Kolhapur 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.

Copied!