Corporation Bank Noida Gautam Buddha Nagar Uttar Pradesh MICR CODE

Find MICR Codes for Corporation Bank Noida Gautam Buddha Nagar Uttar Pradesh

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MICR Code
Bank Corporation Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Noida Sec 18
Contact 9711915466
Bank Details Corporation Bank Noida Sec 18 CORP0001796
Location Noida, Gautam Buddha Nagar
City Noida
District Gautam Buddha Nagar
State Uttar Pradesh
Pincode 201301
Country IN
Address C-32,commercial complex,sec -18, noida - 201301 uttar pradesh
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 Noida Sec 18 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, Noida Sec 18 branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Noida Sec 18 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Corporation Bank are available with micr code -

>>Noida Bhangel >>Noida Kasna >>Noida Sec 16 U.P >>Noida Sec 18

MICR code for Corporation Bank Noida Sec 18

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 Noida Sec 18 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 Noida Sec 18 branch. MICR code for Noida Sec 18 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 Noida Sec 18 is presented in the table alongside.

Use of Corp Bank MICR code for Noida Sec 18 branch in noida

The MICR code 0 is used in RBI cheque clearing process to identify the branch Noida Sec 18 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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