Corporation Bank Nipani Belgaum Karnataka MICR CODE

Find MICR Codes for Corporation Bank Nipani Belgaum Karnataka

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	591017302
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nippani
Contact	08338-220128
Bank Details	Corporation Bank Nippani CORP0000065

Location	Nipani, Belgaum
City	Nipani
District	Belgaum
State	Karnataka
Pincode	591237
Country	IN
Address	G.floor, ashoknagar, nipani-591237

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 591017302 for Nippani 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 591017302 of Corp Bank, Nippani branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Nippani 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 -

>>Nippani

MICR code for Corporation Bank Nippani

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 Nippani 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. 591017302 is the MICR code of Corporation Bank for Nippani branch. MICR code for Nippani 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 Nippani is presented in the table alongside.

Use of Corp Bank MICR code for Nippani branch in nipani

The MICR code 591017302 is used in RBI cheque clearing process to identify the branch Nippani 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.

Copied!