Corporation Bank Navelim North Goa Goa MICR CODE

Find MICR Codes for Corporation Bank Navelim North Goa Goa

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rosary High School Novelim Goa
Contact 0832-2713898
Bank Details Corporation Bank Rosary High School Novelim Goa CORP0002083
Location Navelim, North Goa
City Navelim
District North Goa
State Goa
Pincode 403707
Country IN
Address Rosary high school, madgao block,navelim-403 707,salcette tq
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 403017039 for Rosary High School Novelim Goa 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 403017039 of Corp Bank, Rosary High School Novelim Goa branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Rosary High School Novelim Goa 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 -

>>Rosary High School Novelim Goa

MICR code for Corporation Bank Rosary High School Novelim Goa

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 Rosary High School Novelim Goa 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. 403017039 is the MICR code of Corporation Bank for Rosary High School Novelim Goa branch. MICR code for Rosary High School Novelim Goa 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 Rosary High School Novelim Goa is presented in the table alongside.

Use of Corp Bank MICR code for Rosary High School Novelim Goa branch in navelim

The MICR code 403017039 is used in RBI cheque clearing process to identify the branch Rosary High School Novelim Goa 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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