Corporation Bank Yeshavantapura Kolar Karnataka MICR CODE

Find MICR Codes for Corporation Bank Yeshavantapura Kolar Karnataka

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Yashawanthapur Malur
Contact 08151-232241
Bank Details Corporation Bank Yashawanthapur Malur CORP0000431
Location Yeshavantapura, Kolar
City Yeshavantapura
District Kolar
State Karnataka
Pincode 563130
Country IN
Address Pbno.4, yeshavantapura, .malur, 563130
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 Yashawanthapur Malur 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, Yashawanthapur Malur branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Yashawanthapur Malur 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 -

>>Yashawanthapur Malur

MICR code for Corporation Bank Yashawanthapur Malur

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 Yashawanthapur Malur 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 Yashawanthapur Malur branch. MICR code for Yashawanthapur Malur 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 Yashawanthapur Malur is presented in the table alongside.

Use of Corp Bank MICR code for Yashawanthapur Malur branch in yeshavantapura

The MICR code 0 is used in RBI cheque clearing process to identify the branch Yashawanthapur Malur 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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