Corporation Bank Bagalkot Bagalkot Karnataka MICR CODE

Find MICR Codes for Corporation Bank Bagalkot Bagalkot Karnataka

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sn Medical College Ec Bagalkot
Contact 08354-236070
Bank Details Corporation Bank Sn Medical College Ec Bagalkot CORP0002149
Location Bagalkot, Bagalkot
City Bagalkot
District Bagalkot
State Karnataka
Pincode 587101
Country IN
Address Sn medical college, bagalkote
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 Sn Medical College Ec Bagalkot 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, Sn Medical College Ec Bagalkot branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Sn Medical College Ec Bagalkot branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Corporation Bank are available with micr code -

>>Bagalkot >>Lic Of India Navanagar Bagalkot Ec >>Sn Medical College Ec Bagalkot

MICR code for Corporation Bank Sn Medical College Ec Bagalkot

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 Sn Medical College Ec Bagalkot 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 Sn Medical College Ec Bagalkot branch. MICR code for Sn Medical College Ec Bagalkot 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 Sn Medical College Ec Bagalkot is presented in the table alongside.

Use of Corp Bank MICR code for Sn Medical College Ec Bagalkot branch in bagalkot

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sn Medical College Ec Bagalkot 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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