Corporation Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Corporation Bank Madurai Madurai Tamil Nadu

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MICR Code	625017002
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Madurai Westmasi St.
Contact	0452-2346654
Bank Details	Corporation Bank Madurai Westmasi St. CORP0000161

Location	Madurai, Madurai
City	Madurai
District	Madurai
State	Tamil Nadu
Pincode	625001
Country	IN
Address	1st floor-49,west masi street,madurai625001

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 625017002 for Madurai Westmasi St. 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 625017002 of Corp Bank, Madurai Westmasi St. branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Madurai Westmasi St. branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Corporation Bank are available with micr code -

>>Madurai By Pass Road Branch Madurai >>Madurai Vengalakadai St >>Madurai Westmasi St. >>Sme Madurai >>Tiruchirapalli

MICR code for Corporation Bank Madurai Westmasi St.

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 Madurai Westmasi St. 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. 625017002 is the MICR code of Corporation Bank for Madurai Westmasi St. branch. MICR code for Madurai Westmasi St. 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 Madurai Westmasi St. is presented in the table alongside.

Use of Corp Bank MICR code for Madurai Westmasi St. branch in madurai

The MICR code 625017002 is used in RBI cheque clearing process to identify the branch Madurai Westmasi St. 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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