Corporation Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Corporation Bank Delhi New 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 New Delhi Jal Board Karol Bagh Ec
Contact 011-32946231, 32946134
Bank Details Corporation Bank New Delhi Jal Board Karol Bagh Ec CORP0002133
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110005
Country IN
Address Ground floor, govt. Of nct of delhi office of the director(finance & accounts), varunalaya, jhandewalan, phase ii, 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 New Delhi Jal Board Karol Bagh Ec 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 Jal Board Karol Bagh Ec branch makes the system almost error free and faster. Use of Corp Bank MICR codes for New Delhi Jal Board Karol Bagh Ec branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Corporation Bank New Delhi Jal Board Karol Bagh Ec

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 Jal Board Karol Bagh Ec 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 Jal Board Karol Bagh Ec branch. MICR code for New Delhi Jal Board Karol Bagh Ec 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 Jal Board Karol Bagh Ec is presented in the table alongside.

Use of Corp Bank MICR code for New Delhi Jal Board Karol Bagh Ec branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch New Delhi Jal Board Karol Bagh Ec 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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