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	500017016
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 Nallakunta
Contact	040-27565354
Bank Details	Corporation Bank Hyderabad Nallakunta CORP0000743

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500044
Country	IN
Address	Plot no 196b, shivam road, new nallakunta, hyderabad 500 044

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 500017016 for Hyderabad Nallakunta 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 500017016 of Corp Bank, Hyderabad Nallakunta branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Hyderabad Nallakunta 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 Nallakunta

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 Nallakunta 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. 500017016 is the MICR code of Corporation Bank for Hyderabad Nallakunta branch. MICR code for Hyderabad Nallakunta 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 Nallakunta is presented in the table alongside.

Use of Corp Bank MICR code for Hyderabad Nallakunta branch in hyderabad

The MICR code 500017016 is used in RBI cheque clearing process to identify the branch Hyderabad Nallakunta 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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