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Corporation Bank Hyderabad Nalgonda Andhra Pradesh MICR CODE

Find MICR Codes for Corporation Bank Hyderabad Nalgonda Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	508017102
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Miryalaguda
Contact	08689-232265 And 08689-232266
Bank Details	Corporation Bank Miryalaguda CORP0001238

Location	Hyderabad, Nalgonda
City	Hyderabad
District	Nalgonda
State	Andhra Pradesh
Pincode	508207
Country	IN
Address	First floor, blue whale palace, survey no.733 & 734, reddy colony, miryalaguda 508 207, nalgonda dist

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 508017102 for Miryalaguda 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 508017102 of Corp Bank, Miryalaguda branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Miryalaguda branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Corporation Bank are available with micr code -

>>Miryalaguda

MICR code for Corporation Bank Miryalaguda

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 Miryalaguda 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. 508017102 is the MICR code of Corporation Bank for Miryalaguda branch. MICR code for Miryalaguda 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 Miryalaguda is presented in the table alongside.

Use of Corp Bank MICR code for Miryalaguda branch in hyderabad

The MICR code 508017102 is used in RBI cheque clearing process to identify the branch Miryalaguda 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.