Corporation Bank Urban Nashik Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Urban Nashik Maharashtra

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nashik Road.
Contact 0253 2450148,0253 2450147
Bank Details Corporation Bank Nashik Road. CORP0001120
Location Urban, Nashik
City Urban
District Nashik
State Maharashtra
Pincode 422101
Country IN
Address " swathi", opp. To jain bhavan,artillary center road, opp. To jain bhavan, nashik road 422101.
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 Nashik Road. 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, Nashik Road. branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Nashik Road. 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 -

>>Nashik Road.

MICR code for Corporation Bank Nashik Road.

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 Nashik Road. 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 Nashik Road. branch. MICR code for Nashik Road. 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 Nashik Road. is presented in the table alongside.

Use of Corp Bank MICR code for Nashik Road. branch in urban

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nashik Road. 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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