Corporation Bank Madurawada Vishakpatnam Andhra Pradesh MICR CODE

Find MICR Codes for Corporation Bank Madurawada Vishakpatnam Andhra Pradesh

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MICR Code	530017005
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Visakhapatnam Maduravada
Contact	891-2737395
Bank Details	Corporation Bank Visakhapatnam Maduravada CORP0001224

Location	Madurawada, Vishakpatnam
City	Madurawada
District	Vishakpatnam
State	Andhra Pradesh
Pincode	530048
Country	IN
Address	D.no.9-3, nh-5, valli nagar, maduravada

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 530017005 for Visakhapatnam Maduravada 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 530017005 of Corp Bank, Visakhapatnam Maduravada branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Visakhapatnam Maduravada 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 -

>>Visakhapatnam Maduravada

MICR code for Corporation Bank Visakhapatnam Maduravada

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 Visakhapatnam Maduravada 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. 530017005 is the MICR code of Corporation Bank for Visakhapatnam Maduravada branch. MICR code for Visakhapatnam Maduravada 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 Visakhapatnam Maduravada is presented in the table alongside.

Use of Corp Bank MICR code for Visakhapatnam Maduravada branch in madurawada

The MICR code 530017005 is used in RBI cheque clearing process to identify the branch Visakhapatnam Maduravada 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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