Corporation Bank Greater Bombay Mumbai Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Greater Bombay Mumbai Maharashtra

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Charkop
Contact 022-28672733
Bank Details Corporation Bank Mumbai Charkop CORP0001424
Location Greater Bombay, Mumbai
City Greater Bombay
District Mumbai
State Maharashtra
Pincode 400067
Country IN
Address Shop no s 109, first floor rajeev gandhi commercial complex mhada, charkop marve link road ganesh nagar, kandivili (w), mumbai - 400067
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 Mumbai Charkop 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, Mumbai Charkop branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Mumbai Charkop branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Corporation Bank are available with micr code -

>>Mumbai Charkop >>Mumbai Marol Naka

MICR code for Corporation Bank Mumbai Charkop

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 Mumbai Charkop 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 Mumbai Charkop branch. MICR code for Mumbai Charkop 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 Mumbai Charkop is presented in the table alongside.

Use of Corp Bank MICR code for Mumbai Charkop branch in greater bombay

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