Corporation Bank Ongole Prakasam Andhra Pradesh MICR CODE

Find MICR Codes for Corporation Bank Ongole Prakasam Andhra Pradesh

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MICR Code	523017002
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ongole
Contact	08592-2233068
Bank Details	Corporation Bank Ongole CORP0000275

Location	Ongole, Prakasam
City	Ongole
District	Prakasam
State	Andhra Pradesh
Pincode	523001
Country	IN
Address	D.23-1-7(1),gandhi street,court centre,ongole,523001

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 523017002 for Ongole 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 523017002 of Corp Bank, Ongole branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Ongole 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 -

>>Ongole

MICR code for Corporation Bank Ongole

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 Ongole 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. 523017002 is the MICR code of Corporation Bank for Ongole branch. MICR code for Ongole 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 Ongole is presented in the table alongside.

Use of Corp Bank MICR code for Ongole branch in ongole

The MICR code 523017002 is used in RBI cheque clearing process to identify the branch Ongole 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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