Corporation Bank Ratnagiri Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Ratnagiri Ratnagiri Maharashtra

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MICR Code	415017001
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ratnagiri
Contact	02352-271810
Bank Details	Corporation Bank Ratnagiri CORP0000802

Location	Ratnagiri, Ratnagiri
City	Ratnagiri
District	Ratnagiri
State	Maharashtra
Pincode	415612
Country	IN
Address	Javkar plaza, jai stambh, main rd, ratnagiri

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 415017001 for Ratnagiri 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 415017001 of Corp Bank, Ratnagiri branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Ratnagiri 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 -

>>Ratnagiri

MICR code for Corporation Bank Ratnagiri

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 Ratnagiri 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. 415017001 is the MICR code of Corporation Bank for Ratnagiri branch. MICR code for Ratnagiri 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 Ratnagiri is presented in the table alongside.

Use of Corp Bank MICR code for Ratnagiri branch in ratnagiri

The MICR code 415017001 is used in RBI cheque clearing process to identify the branch Ratnagiri 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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