Corporation Bank Kolkata Kolkata West Bengal MICR CODE

Find MICR Codes for Corporation Bank Kolkata Kolkata West Bengal

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolkata Salt Lake Sector V
Contact 033 23574214
Bank Details Corporation Bank Kolkata Salt Lake Sector V CORP0001045
Location Kolkata, Kolkata
City Kolkata
District Kolkata
State West Bengal
Pincode 700091
Country IN
Address 1st floor, j-1/12, block - ep/gp , sector - v , salt lake city, kolkata
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 700017020 for Kolkata Salt Lake Sector V 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 700017020 of Corp Bank, Kolkata Salt Lake Sector V branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Kolkata Salt Lake Sector V branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Kolkata Salt Lake Sector V

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 Kolkata Salt Lake Sector V 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. 700017020 is the MICR code of Corporation Bank for Kolkata Salt Lake Sector V branch. MICR code for Kolkata Salt Lake Sector V 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 Kolkata Salt Lake Sector V is presented in the table alongside.

Use of Corp Bank MICR code for Kolkata Salt Lake Sector V branch in kolkata

The MICR code 700017020 is used in RBI cheque clearing process to identify the branch Kolkata Salt Lake Sector V 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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