Corporation Bank Mandideep Raisen Madhya Pradesh MICR CODE

Find MICR Codes for Corporation Bank Mandideep Raisen Madhya Pradesh

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Samardha Kaliasot
Contact
Bank Details Corporation Bank Samardha Kaliasot CORP0001544
Location Mandideep, Raisen
City Mandideep
District Raisen
State Madhya Pradesh
Pincode 462046
Country IN
Address Khasra no. 101/5, ground floor, liberty stop, bhopal-mandideep road, village-samardha kaliasot, bhopal - 462046
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 0 for Samardha Kaliasot 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 0 of Corp Bank, Samardha Kaliasot branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Samardha Kaliasot branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Corporation Bank are available with micr code -

>>Mandideep >>Samardha Kaliasot

MICR code for Corporation Bank Samardha Kaliasot

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 Samardha Kaliasot 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. 0 is the MICR code of Corporation Bank for Samardha Kaliasot branch. MICR code for Samardha Kaliasot 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 Samardha Kaliasot is presented in the table alongside.

Use of Corp Bank MICR code for Samardha Kaliasot branch in mandideep

The MICR code 0 is used in RBI cheque clearing process to identify the branch Samardha Kaliasot 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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