Corporation Bank Shah Bazar Gulberga Karnataka MICR CODE

Find MICR Codes for Corporation Bank Shah Bazar Gulberga Karnataka

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sulfalmath Shah Bazar Gulbarga
Contact 08472-235982
Bank Details Corporation Bank Sulfalmath Shah Bazar Gulbarga CORP0002073
Location Shah Bazar, Gulberga
City Shah Bazar
District Gulberga
State Karnataka
Pincode 585101
Country IN
Address G.floor, salfalmath bldg, shah bazar, gulbarga-585 101
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 585017003 for Sulfalmath Shah Bazar Gulbarga 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 585017003 of Corp Bank, Sulfalmath Shah Bazar Gulbarga branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Sulfalmath Shah Bazar Gulbarga 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 -

>>Sulfalmath Shah Bazar Gulbarga

MICR code for Corporation Bank Sulfalmath Shah Bazar Gulbarga

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 Sulfalmath Shah Bazar Gulbarga 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. 585017003 is the MICR code of Corporation Bank for Sulfalmath Shah Bazar Gulbarga branch. MICR code for Sulfalmath Shah Bazar Gulbarga 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 Sulfalmath Shah Bazar Gulbarga is presented in the table alongside.

Use of Corp Bank MICR code for Sulfalmath Shah Bazar Gulbarga branch in shah bazar

The MICR code 585017003 is used in RBI cheque clearing process to identify the branch Sulfalmath Shah Bazar Gulbarga 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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