Corporation Bank Rajkot Tankara Gujarat MICR CODE

Find MICR Codes for Corporation Bank Rajkot Tankara Gujarat

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MICR Code	-NA-
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Saraya
Contact	9426450218
Bank Details	Corporation Bank Saraya CORP0003499

Location	Rajkot, Tankara
City	Rajkot
District	Tankara
State	Gujarat
Pincode
Country	IN
Address	Saraya village tankara taluka savdi post morbi dist gujarat

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

>>Saraya

MICR code for Corporation Bank Saraya

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 Saraya 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 Saraya branch. MICR code for Saraya 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 Saraya is presented in the table alongside.

Use of Corp Bank MICR code for Saraya branch in rajkot

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