Corporation Bank Navsari Navsari Gujarat MICR CODE

Find MICR Codes for Corporation Bank Navsari Navsari Gujarat

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Navsari Luncikui
Contact 02637-250113,244572
Bank Details Corporation Bank Navsari Luncikui CORP0002072
Location Navsari, Navsari
City Navsari
District Navsari
State Gujarat
Pincode 396445
Country IN
Address J n tata marg lunsikai, dn mehta sarvajanik hosp navsari, dist.valsad, gujarat pin-396445
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 396017062 for Navsari Luncikui 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 396017062 of Corp Bank, Navsari Luncikui branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Navsari Luncikui 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 -

>>Navasari >>Navsari Luncikui

MICR code for Corporation Bank Navsari Luncikui

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 Navsari Luncikui 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. 396017062 is the MICR code of Corporation Bank for Navsari Luncikui branch. MICR code for Navsari Luncikui 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 Navsari Luncikui is presented in the table alongside.

Use of Corp Bank MICR code for Navsari Luncikui branch in navsari

The MICR code 396017062 is used in RBI cheque clearing process to identify the branch Navsari Luncikui 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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