Corporation Bank Paroli Panch Mahals Gujarat MICR CODE

Find MICR Codes for Corporation Bank Paroli Panch Mahals Gujarat

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MICR Code	-NA-
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Paroli
Contact	02676-293739
Bank Details	Corporation Bank Paroli CORP0001912

Location	Paroli, Panch Mahals
City	Paroli
District	Panch Mahals
State	Gujarat
Pincode	389365
Country	IN
Address	Barot falia 165,po paroli,ta ghoghamba ,panchamahal dist-389365,gujarath

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 0 for Paroli 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 0 of Corp Bank, Paroli branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Paroli 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 -

>>Paroli

MICR code for Corporation Bank Paroli

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 Paroli 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. 0 is the MICR code of Corporation Bank for Paroli branch. MICR code for Paroli 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 Paroli is presented in the table alongside.

Use of Corp Bank MICR code for Paroli branch in paroli

The MICR code 0 is used in RBI cheque clearing process to identify the branch Paroli 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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