Corporation Bank New Mumbai Thane Maharashtra MICR CODE

Find MICR Codes for Corporation Bank New Mumbai Thane Maharashtra

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MICR Code	400017049
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nerul
Contact	022-227708355
Bank Details	Corporation Bank Nerul CORP0000572

Location	New Mumbai, Thane
City	New Mumbai
District	Thane
State	Maharashtra
Pincode	400706
Country	IN
Address	S.i.e.s.academic complex,e,sector v,nerul,new bombay,400706

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 400017049 for Nerul 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 400017049 of Corp Bank, Nerul branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Nerul 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 Nerul

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 Nerul 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. 400017049 is the MICR code of Corporation Bank for Nerul branch. MICR code for Nerul 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 Nerul is presented in the table alongside.

Use of Corp Bank MICR code for Nerul branch in new mumbai

The MICR code 400017049 is used in RBI cheque clearing process to identify the branch Nerul 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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