Corporation Bank Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for Corporation Bank Ranchi Ranchi Jharkhand

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MICR Code	834017002
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ranchi
Contact	0651-2300505
Bank Details	Corporation Bank Ranchi CORP0000457

Location	Ranchi, Ranchi
City	Ranchi
District	Ranchi
State	Jharkhand
Pincode	834001
Country	IN
Address	50.h.b.rd, tharpakhana, ranchi, 834001

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 834017002 for Ranchi 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 834017002 of Corp Bank, Ranchi branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Ranchi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Corporation Bank are available with micr code -

>>Lic Of India Ranchi Ec >>Ranchi >>Ranchi Upper Bazar

MICR code for Corporation Bank Ranchi

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 Ranchi 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. 834017002 is the MICR code of Corporation Bank for Ranchi branch. MICR code for Ranchi 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 Ranchi is presented in the table alongside.

Use of Corp Bank MICR code for Ranchi branch in ranchi

The MICR code 834017002 is used in RBI cheque clearing process to identify the branch Ranchi 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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