Corporation Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Corporation Bank Patna Patna Bihar

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Patna Bowring Canal Rd Pbb
Contact 0612-2230041
Bank Details Corporation Bank Patna Bowring Canal Rd Pbb CORP0000550
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 800001
Country IN
Address Indira bhavan,bowring canal road,patna,800001
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 800017002 for Patna Bowring Canal Rd Pbb 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 800017002 of Corp Bank, Patna Bowring Canal Rd Pbb branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Patna Bowring Canal Rd Pbb branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Corporation Bank are available with micr code -

>>Dhanaut >>Hathikhana >>Mini Caps Patna >>Patna >>Patna Bowring Canal Rd Pbb >>Patna City >>Patna Doctors Colony >>Patna Kankarbag Main Road >>Patna Rajabazar

MICR code for Corporation Bank Patna Bowring Canal Rd Pbb

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 Patna Bowring Canal Rd Pbb 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. 800017002 is the MICR code of Corporation Bank for Patna Bowring Canal Rd Pbb branch. MICR code for Patna Bowring Canal Rd Pbb 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 Patna Bowring Canal Rd Pbb is presented in the table alongside.

Use of Corp Bank MICR code for Patna Bowring Canal Rd Pbb branch in patna

The MICR code 800017002 is used in RBI cheque clearing process to identify the branch Patna Bowring Canal Rd Pbb 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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