Corporation Bank Raigarh Raigarh Chhattisgarh MICR CODE

Find MICR Codes for Corporation Bank Raigarh Raigarh Chhattisgarh

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raigarh
Contact 07762-235501
Bank Details Corporation Bank Raigarh CORP0000803
Location Raigarh, Raigarh
City Raigarh
District Raigarh
State Chhattisgarh
Pincode 496001
Country IN
Address Ambikapur rd, dhimrapur chowk, raigarh-496 001
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.

Search Corporation Bank MICR Codes in raigarh

You can search through MICR Codes of Chhattisgarh branches in raigarh of District raigarh in Chhattisgarh State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Corporation Bank are available with micr code -

>>Raigarh

How to find MICR codes for Corporation Bank in raigarh?

Corporation Bank raigarh MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Corp Bank MICR codes list for raigarh, one can further search by branch name specified in the table. You can find MICR codes for all Corporation Bank raigarh branches.

Corp Bank MICR code in raigarh

Corporation Bank MICR code is a character recognition technology used by banks in the processing of cheques. Corp Bank MICR code for raigarh branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Corporation Bank branches in raigarh, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Corporation Bank MICR code for raigarh branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Corporation Bank raigarh branch, sprinted 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. Thus MICR code for Corp Bank raigarh branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Corporation Bank MICR codes for raigarh branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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