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Corporation Bank Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for Corporation Bank Gurgaon Gurgaon Haryana

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gurgaon Sec 31
Contact 0124-2381677,2381678
Bank Details Corporation Bank Gurgaon Sec 31 CORP0000778
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122001
Country IN
Address Sco 41/42/43 ,sector 31/32 a,gurgaon - 122001
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 110017056 for Gurgaon Sec 31 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 110017056 of Corp Bank, Gurgaon Sec 31 branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Gurgaon Sec 31 branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Gurgaon Sec 31

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 Gurgaon Sec 31 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. 110017056 is the MICR code of Corporation Bank for Gurgaon Sec 31 branch. MICR code for Gurgaon Sec 31 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 Gurgaon Sec 31 is presented in the table alongside.

Use of Corp Bank MICR code for Gurgaon Sec 31 branch in gurgaon

The MICR code 110017056 is used in RBI cheque clearing process to identify the branch Gurgaon Sec 31 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.