Corporation Bank Raurkela Sundergarh Orissa MICR CODE

Find MICR Codes for Corporation Bank Raurkela Sundergarh Orissa

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MICR Code	769017002
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rourkela
Contact	0661-2502714
Bank Details	Corporation Bank Rourkela CORP0000544

Location	Raurkela, Sundergarh
City	Raurkela
District	Sundergarh
State	Orissa
Pincode	769001
Country	IN
Address	Old station road,raurkela,769001

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 769017002 for Rourkela 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 769017002 of Corp Bank, Rourkela branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Rourkela 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 -

>>Rourkela

MICR code for Corporation Bank Rourkela

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 Rourkela 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. 769017002 is the MICR code of Corporation Bank for Rourkela branch. MICR code for Rourkela 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 Rourkela is presented in the table alongside.

Use of Corp Bank MICR code for Rourkela branch in raurkela

The MICR code 769017002 is used in RBI cheque clearing process to identify the branch Rourkela 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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