CORPORATION BANK PALAI IFSC CODE Quick Search

IFSC Code

MICR Code

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What is CORPORATION BANK PALAI ifsc code

IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.

CORPORATION BANK PALAI ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main payment and settlement systems in India.

1) RTGS : Real Time Gross Settlement
2) NEFT : National Electronic Fund Transfer

CORPORATION BANK PALAI ifsc code Format:

The IFSC Code is an 11-characters code. First four alphabetic characters ( position 1 to 4) represents BankName and Last Six charactes ( Position from 6-11) which can be alphanumeric represents Bank Branch. The fifth character is 0 (zero) which is reserved for future use.

1 2 3 4 5 6 7 8 9 10 11
Bank Code 0 Branch Code

For Example :

CORPORATION BANK PALAI ifsc code : CORP0001220 is 11 digit Unique IFSC Code.

First 4 characters represents Bank Code : CORP for Bank : CORPORATION BANK

5th character is Zero and it is reserved for future reference

Last 6 characters represents Branch Code : 001220 for Bank Branch PALAI

Anatomy of a Cheque

CORPORATION BANK PALAI ifsc code -cheque

The above image represent cheque format which locates IFSC Code and MICR Code in Red Box

What is MICR Code for corporation bank palai

MICR code for corporation bank palai represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.

MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).

Where is MICR Code for corporation bank palai on Cheque:

MICR Code for corporation bank palai can be found at the bottom of the cheque. As shown in above image MICR Code is shown inside Red rectangle at the bottom of the cheque.

MICR Code Format for corporation bank palai :

MICR Code for corporation bank palai is an 9-digit code. First three digits ( position 1 to 3) represents City Code, Next 3 Digits ( Position from 4-7) Bank Code and Last 3 Digits ( Position from 7-9) represents Branch Code.

1 2 3 4 5 6 7 8 9
City Code Bank Code Branch Code

For Example :

MICR Code for CORPORATION BANK : 686017302 is 9 digit Unique MICR Code.

First 3 digits represents CityCode Code : 686 for City : PALAI

Middle 3 digits reprents Bank Code: 017 for Bank : CORPORATION BANK

Last 3 digits represents Branch Code : 730 for Bank Branch PALAI

CORPORATION BANK All Branch IFSC Code List for City PALAI

corporation bank palai ifsc code

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