Corporation Bank Med Jaipur Rajasthan MICR CODE

Find MICR Codes for Corporation Bank Med Jaipur Rajasthan

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MICR Code	-NA-
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Med
Contact	8146370858
Bank Details	Corporation Bank Med CORP0003320

Location	Med, Jaipur
City	Med
District	Jaipur
State	Rajasthan
Pincode	303003
Country	IN
Address	Bharath shopping market talwa bihajer road med theshil viratnagar jaipur dist 303003 rajasthan

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 0 for Med 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 0 of Corp Bank, Med branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Med branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Corporation Bank are available with micr code -

>>Med

MICR code for Corporation Bank Med

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 Med 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. 0 is the MICR code of Corporation Bank for Med branch. MICR code for Med 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 Med is presented in the table alongside.

Use of Corp Bank MICR code for Med branch in med

The MICR code 0 is used in RBI cheque clearing process to identify the branch Med 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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