Corporation Bank New Mumbai Thane Maharashtra MICR CODE

Find MICR Codes for Corporation Bank New Mumbai Thane Maharashtra

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MICR Code	400017057
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mumbai Vashi Sector 15
Contact	022-27801374
Bank Details	Corporation Bank Mumbai Vashi Sector 15 CORP0000708

Location	New Mumbai, Thane
City	New Mumbai
District	Thane
State	Maharashtra
Pincode	400703
Country	IN
Address	Plot no 57.near pkc hospital, vashi, navi-mumbai

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 400017057 for Mumbai Vashi Sector 15 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 400017057 of Corp Bank, Mumbai Vashi Sector 15 branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Mumbai Vashi Sector 15 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Corporation Bank are available with micr code -

>>Mumbai Vashi Sector 15 >>Nerul >>Turbhe Vashi New Mumbai

MICR code for Corporation Bank Mumbai Vashi Sector 15

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 Vashi Sector 15 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. 400017057 is the MICR code of Corporation Bank for Mumbai Vashi Sector 15 branch. MICR code for Mumbai Vashi Sector 15 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 Vashi Sector 15 is presented in the table alongside.

Use of Corp Bank MICR code for Mumbai Vashi Sector 15 branch in new mumbai

The MICR code 400017057 is used in RBI cheque clearing process to identify the branch Mumbai Vashi Sector 15 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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