Corporation Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Corporation Bank Delhi Delhi New Delhi

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Delhi Mayapuri Sme
Contact
Bank Details Corporation Bank Delhi Mayapuri Sme CORP0001256
Location Delhi, Delhi
City Delhi
District Delhi
State New Delhi
Pincode 110005
Country IN
Address 16/10, main arya samaj road, karol bagh, new delhi - 110005
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 Delhi Mayapuri Sme 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, Delhi Mayapuri Sme branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Delhi Mayapuri Sme branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank Delhi Mayapuri Sme

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 Delhi Mayapuri Sme 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 Delhi Mayapuri Sme branch. MICR code for Delhi Mayapuri Sme 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 Delhi Mayapuri Sme is presented in the table alongside.

Use of Corp Bank MICR code for Delhi Mayapuri Sme branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Delhi Mayapuri Sme 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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