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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 Nicmar Gurgaon
Contact 0124-2572054
Bank Details Corporation Bank Nicmar Gurgaon CORP0002055
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122009
Country IN
Address Plot no.b, g.floor-001, a,b,c,millenium tower"b",sushant lok,gurgaon-122009
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 110017066 for Nicmar Gurgaon 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 110017066 of Corp Bank, Nicmar Gurgaon branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Nicmar Gurgaon branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Nicmar Gurgaon

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 Nicmar Gurgaon 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. 110017066 is the MICR code of Corporation Bank for Nicmar Gurgaon branch. MICR code for Nicmar Gurgaon 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 Nicmar Gurgaon is presented in the table alongside.

Use of Corp Bank MICR code for Nicmar Gurgaon branch in gurgaon

The MICR code 110017066 is used in RBI cheque clearing process to identify the branch Nicmar Gurgaon 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.