Corporation Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Corporation Bank Nagpur Nagpur Maharashtra

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagpur Hudkeshwar
Contact 9922732685
Bank Details Corporation Bank Nagpur Hudkeshwar CORP0003348
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440034
Country IN
Address Door no 9 hudkeshwar road dube nagar nagpur 440034 maharashtra
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 Nagpur Hudkeshwar 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, Nagpur Hudkeshwar branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Nagpur Hudkeshwar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Corporation Bank are available with micr code -

>>Nagpur >>Nagpur Hudkeshwar >>Nagpur Mini Caps Branch >>Nagpur Sadar(Mseb) >>Nagpur Wardha Road >>Nagpur Wardhaman Nagar >>Pratap Nagar

MICR code for Corporation Bank Nagpur Hudkeshwar

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 Nagpur Hudkeshwar 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 Nagpur Hudkeshwar branch. MICR code for Nagpur Hudkeshwar 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 Nagpur Hudkeshwar is presented in the table alongside.

Use of Corp Bank MICR code for Nagpur Hudkeshwar branch in nagpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nagpur Hudkeshwar 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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