What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Corporation Bank Sme Madurai Madurai Branch IFSC/MICR Code Details
Bank Name CORPORATION BANK
Address 11, GROUND FLOOR,ARULMALAR CONVENT ROAD,KK NAGAR, MADURAI625 020
State TAMIL NADU
District MADURAI
Branch SME MADURAI
IFSC Code CORP0001197
Branch Code 001197 (Last six characters of IFSC code represent Branch code.)
MICR Code 625017007
Contact Phone 2588258
via https://bankingzone.in/ifsc

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