Corporation Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Corporation Bank Delhi Delhi New Delhi

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MICR Code	-NA-
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	New Delhi Bhakarwala
Contact
Bank Details	Corporation Bank New Delhi Bhakarwala CORP0001480

Location	Delhi, Delhi
City	Delhi
District	Delhi
State	New Delhi
Pincode	110041
Country	IN
Address	Door no 59, nangloi, najafgarh road, delhi - 110041

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 New Delhi Bhakarwala 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, New Delhi Bhakarwala branch makes the system almost error free and faster. Use of Corp Bank MICR codes for New Delhi Bhakarwala branch, makes the characters readable even if there are other marks and stamps on it.

A total of 44 branches of Corporation Bank are available with micr code -

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MICR code for Corporation Bank New Delhi Bhakarwala

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 New Delhi Bhakarwala 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 New Delhi Bhakarwala branch. MICR code for New Delhi Bhakarwala 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 New Delhi Bhakarwala is presented in the table alongside.

Use of Corp Bank MICR code for New Delhi Bhakarwala branch in delhi

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