Corporation Bank Nadiad Kheda Gujarat MICR CODE

Find MICR Codes for Corporation Bank Nadiad Kheda Gujarat

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MICR Code	387017002
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nadiad
Contact	0268-2563915
Bank Details	Corporation Bank Nadiad CORP0000267

Location	Nadiad, Kheda
City	Nadiad
District	Kheda
State	Gujarat
Pincode	387001
Country	IN
Address	Ghodia bazar,station road,nadiad-387001

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 387017002 for Nadiad 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 387017002 of Corp Bank, Nadiad branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Nadiad 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 -

>>Nadiad

MICR code for Corporation Bank Nadiad

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 Nadiad 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. 387017002 is the MICR code of Corporation Bank for Nadiad branch. MICR code for Nadiad 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 Nadiad is presented in the table alongside.

Use of Corp Bank MICR code for Nadiad branch in nadiad

The MICR code 387017002 is used in RBI cheque clearing process to identify the branch Nadiad 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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