Corporation Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Thane Thane Maharashtra

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Thane Ghodbunder Road
Contact 022-25970904
Bank Details Corporation Bank Thane Ghodbunder Road CORP0001298
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400607
Country IN
Address Shop no.7,8,9,10, ground floor, m k plaza, kasarvadavali, near hyper city, ghodbunder road, thane (west) - 400607
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 400017073 for Thane Ghodbunder Road 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 400017073 of Corp Bank, Thane Ghodbunder Road branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Thane Ghodbunder Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Corporation Bank are available with micr code -

>>Badlapur West >>Thana Bhandara >>Thane >>Thane Ghodbunder Road >>Thane Wagle Estate >>Zonal Office Thane

MICR code for Corporation Bank Thane Ghodbunder Road

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 Thane Ghodbunder Road 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. 400017073 is the MICR code of Corporation Bank for Thane Ghodbunder Road branch. MICR code for Thane Ghodbunder Road 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 Thane Ghodbunder Road is presented in the table alongside.

Use of Corp Bank MICR code for Thane Ghodbunder Road branch in thane

The MICR code 400017073 is used in RBI cheque clearing process to identify the branch Thane Ghodbunder Road 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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