Corporation Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Corporation Bank Hyderabad Hyderabad Telangana

MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hyderabad Saroor Nagar
Contact 9849484733
Bank Details Corporation Bank Hyderabad Saroor Nagar CORP0003138
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Telangana
Pincode 500035
Country IN
Address Corporation bank netji nagar saroor nagar sanskruthi school ranga reddy district 500035 telangana
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 Hyderabad Saroor Nagar 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, Hyderabad Saroor Nagar branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Hyderabad Saroor Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Corporation Bank are available with micr code -

>>Hyderabad Champapet >>Hyderabad Saroor Nagar

MICR code for Corporation Bank Hyderabad Saroor Nagar

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 Hyderabad Saroor Nagar 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 Hyderabad Saroor Nagar branch. MICR code for Hyderabad Saroor Nagar 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 Hyderabad Saroor Nagar is presented in the table alongside.

Use of Corp Bank MICR code for Hyderabad Saroor Nagar branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Hyderabad Saroor Nagar 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.

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