Corporation Bank Vishakapatnam Vishakapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Corporation Bank Vishakapatnam Vishakapatnam Andhra Pradesh

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MICR Code	530017021
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vishakapatnam Mini Caps
Contact	0891-2510374
Bank Details	Corporation Bank Vishakapatnam Mini Caps CORP0000940

Location	Vishakapatnam, Vishakapatnam
City	Vishakapatnam
District	Vishakapatnam
State	Andhra Pradesh
Pincode	530001
Country	IN
Address	C a p s branch,,c a p s branch,,pawan towers, dwarakanagar,visakhapatnam

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 530017021 for Vishakapatnam Mini Caps 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 530017021 of Corp Bank, Vishakapatnam Mini Caps branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Vishakapatnam Mini Caps 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 -

>>Vishakapatnam Mini Caps

MICR code for Corporation Bank Vishakapatnam Mini Caps

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 Vishakapatnam Mini Caps 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. 530017021 is the MICR code of Corporation Bank for Vishakapatnam Mini Caps branch. MICR code for Vishakapatnam Mini Caps 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 Vishakapatnam Mini Caps is presented in the table alongside.

Use of Corp Bank MICR code for Vishakapatnam Mini Caps branch in vishakapatnam

The MICR code 530017021 is used in RBI cheque clearing process to identify the branch Vishakapatnam Mini Caps 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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