Corporation Bank Shimoga Shimoga Karnataka MICR CODE

Find MICR Codes for Corporation Bank Shimoga Shimoga Karnataka

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MICR Code	577017202
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shimoga
Contact	08182-222329
Bank Details	Corporation Bank Shimoga CORP0000006

Location	Shimoga, Shimoga
City	Shimoga
District	Shimoga
State	Karnataka
Pincode	577201
Country	IN
Address	M.g.building, b.h.road, p.b.no.22, shimoga-577201

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 577017202 for Shimoga 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 577017202 of Corp Bank, Shimoga branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Shimoga branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Corporation Bank are available with micr code -

>>Lic Of India Shimoga Ec >>Shimoga >>Shimoga Savalanga Road >>Shivamogga Gopala Gowda Extn >>Shivamogga Vinoba Nagar

MICR code for Corporation Bank Shimoga

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 Shimoga 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. 577017202 is the MICR code of Corporation Bank for Shimoga branch. MICR code for Shimoga 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 Shimoga is presented in the table alongside.

Use of Corp Bank MICR code for Shimoga branch in shimoga

The MICR code 577017202 is used in RBI cheque clearing process to identify the branch Shimoga 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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