Corporation Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Mumbai 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 Dombiviliwest
Contact 0251-2494755
Bank Details Corporation Bank Mumbai Dombiviliwest CORP0000571
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400605
Country IN
Address N.s.s road, dombivili[w], thane dist
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 400017048 for Mumbai Dombiviliwest 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 400017048 of Corp Bank, Mumbai Dombiviliwest branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Mumbai Dombiviliwest branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Mumbai Dombiviliwest

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 Dombiviliwest 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. 400017048 is the MICR code of Corporation Bank for Mumbai Dombiviliwest branch. MICR code for Mumbai Dombiviliwest 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 Dombiviliwest is presented in the table alongside.

Use of Corp Bank MICR code for Mumbai Dombiviliwest branch in mumbai

The MICR code 400017048 is used in RBI cheque clearing process to identify the branch Mumbai Dombiviliwest 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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