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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 Sector Four
Contact 2255600
Bank Details Corporation Bank Gurgaon Sector Four CORP0003305
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122001
Country IN
Address Sco 21 sector 4 huda market gurgaon
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 Gurgaon Sector Four 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, Gurgaon Sector Four branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Gurgaon Sector Four branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Gurgaon Sector Four

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 Sector Four 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 Gurgaon Sector Four branch. MICR code for Gurgaon Sector Four 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 Sector Four is presented in the table alongside.

Use of Corp Bank MICR code for Gurgaon Sector Four branch in gurgaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gurgaon Sector Four 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.