Corporation Bank Panjim North Goa Goa MICR CODE

Find MICR Codes for Corporation Bank Panjim North Goa Goa

↻ Reload
MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Our Lady Of Socorro Chapel Goa
Contact 0832-2413825
Bank Details Corporation Bank Our Lady Of Socorro Chapel Goa CORP0002048
Location Panjim, North Goa
City Panjim
District North Goa
State Goa
Pincode 403001
Country IN
Address Plot no.405, ambirna, near our lady of socorro church, post porvorim, panjim goa
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 403017038 for Our Lady Of Socorro Chapel Goa 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 403017038 of Corp Bank, Our Lady Of Socorro Chapel Goa branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Our Lady Of Socorro Chapel Goa 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 -

>>Our Lady Of Socorro Chapel Goa

MICR code for Corporation Bank Our Lady Of Socorro Chapel Goa

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 Our Lady Of Socorro Chapel Goa 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. 403017038 is the MICR code of Corporation Bank for Our Lady Of Socorro Chapel Goa branch. MICR code for Our Lady Of Socorro Chapel Goa 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 Our Lady Of Socorro Chapel Goa is presented in the table alongside.

Use of Corp Bank MICR code for Our Lady Of Socorro Chapel Goa branch in panjim

The MICR code 403017038 is used in RBI cheque clearing process to identify the branch Our Lady Of Socorro Chapel Goa 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!