Corporation Bank Parwanoo Parwanoo Himachal Pradesh MICR CODE

Find MICR Codes for Corporation Bank Parwanoo Parwanoo Himachal Pradesh

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Parwanoo Himachal Pradesh
Contact
Bank Details Corporation Bank Parwanoo Himachal Pradesh CORP0001515
Location Parwanoo, Parwanoo
City Parwanoo
District Parwanoo
State Himachal Pradesh
Pincode 173220
Country IN
Address No 15 ward no 1, kalka shimla road, n h 22, parwanoo-173220
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 Parwanoo Himachal Pradesh 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, Parwanoo Himachal Pradesh branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Parwanoo Himachal Pradesh 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 -

>>Parwanoo Himachal Pradesh

MICR code for Corporation Bank Parwanoo Himachal Pradesh

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 Parwanoo Himachal Pradesh 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 Parwanoo Himachal Pradesh branch. MICR code for Parwanoo Himachal Pradesh 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 Parwanoo Himachal Pradesh is presented in the table alongside.

Use of Corp Bank MICR code for Parwanoo Himachal Pradesh branch in parwanoo

The MICR code 0 is used in RBI cheque clearing process to identify the branch Parwanoo Himachal Pradesh 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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