Corporation Bank Mangalore Dakshina Kannada Karnataka MICR CODE

Find MICR Codes for Corporation Bank Mangalore Dakshina Kannada Karnataka

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MICR Code	575017009
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mangalore Padavu
Contact	0824-2232464
Bank Details	Corporation Bank Mangalore Padavu CORP0000076

Location	Mangalore, Dakshina Kannada
City	Mangalore
District	Dakshina Kannada
State	Karnataka
Pincode	575005
Country	IN
Address	Pbno.911, padavu, kulashekar, mangalore, 575005

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 575017009 for Mangalore Padavu 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 575017009 of Corp Bank, Mangalore Padavu branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Mangalore Padavu branch, makes the characters readable even if there are other marks and stamps on it.

A total of 20 branches of Corporation Bank are available with micr code -

>>Baikampady >>Financial Management Division Head Office Mangalore >>Kuthethurm R Pl >>Mangalore Ashoknagar >>Mangalore Bunder >>Mangalore Carstreet >>Mangalore Jeppu >>Mangalore Jeppu Nri >>Mangalore Kadri >>Mangalore Kankanady >>Mangalore Kavoor >>Mangalore Kodialbail >>Mangalore Mg Road >>Mangalore Padavu >>Mangalore Poonja Arcade >>Mangalore Rbc >>Pandeshwar Mangalore >>Panemangalore >>Thokkottu >>Vamanjoor

MICR code for Corporation Bank Mangalore Padavu

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 Mangalore Padavu 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. 575017009 is the MICR code of Corporation Bank for Mangalore Padavu branch. MICR code for Mangalore Padavu 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 Mangalore Padavu is presented in the table alongside.

Use of Corp Bank MICR code for Mangalore Padavu branch in mangalore

The MICR code 575017009 is used in RBI cheque clearing process to identify the branch Mangalore Padavu 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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