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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 Gurugram Gurgaon Sec Fifty
Contact 9047263223
Bank Details Corporation Bank Gurugram Gurgaon Sec Fifty CORP0003532
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122101
Country IN
Address A 10 nirvana country unitech business zone sector 50 gurgaon 122101
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 Gurugram Gurgaon Sec Fifty 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, Gurugram Gurgaon Sec Fifty branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Gurugram Gurgaon Sec Fifty branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Gurugram Gurgaon Sec Fifty

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 Gurugram Gurgaon Sec Fifty 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 Gurugram Gurgaon Sec Fifty branch. MICR code for Gurugram Gurgaon Sec Fifty 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 Gurugram Gurgaon Sec Fifty is presented in the table alongside.

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

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gurugram Gurgaon Sec Fifty 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.