Corporation Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Corporation Bank Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code	50017029
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hyderabad Large Corporate Branch
Contact	040 - 23553120, 23553140
Bank Details	Corporation Bank Hyderabad Large Corporate Branch CORP0001090

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500033
Country	IN
Address	Plot no.8, 2nd floor, road no.1, film nagar, hyderabad - 500033

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.

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Hyderabad Large Corporate Branch (50017029)

How does MICR code 50017029 for Hyderabad Large Corporate Branch 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 50017029 of Corp Bank, Hyderabad Large Corporate Branch branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Hyderabad Large Corporate Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 19 branches of Corporation Bank are available with micr code -

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MICR code for Corporation Bank Hyderabad Large Corporate Branch

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 Large Corporate Branch 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. 50017029 is the MICR code of Corporation Bank for Hyderabad Large Corporate Branch branch. MICR code for Hyderabad Large Corporate Branch 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 Large Corporate Branch is presented in the table alongside.

Use of Corp Bank MICR code for Hyderabad Large Corporate Branch branch in hyderabad

The MICR code 50017029 is used in RBI cheque clearing process to identify the branch Hyderabad Large Corporate Branch 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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