Corporation Bank Palwal Harayana Haryana MICR CODE

Find MICR Codes for Corporation Bank Palwal Harayana Haryana

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MICR Code	110017101
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Palwal
Contact	Yet To Apply.
Bank Details	Corporation Bank Palwal CORP0001245

Location	Palwal, Harayana
City	Palwal
District	Harayana
State	Haryana
Pincode	121102
Country	IN
Address	68, ward no.3, krishna colony, near vivekanand school, railway road, palwal-121102, haryana.

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 110017101 for Palwal 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 110017101 of Corp Bank, Palwal branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Palwal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Corporation Bank are available with micr code -

>>Palwal

MICR code for Corporation Bank Palwal

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 Palwal 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. 110017101 is the MICR code of Corporation Bank for Palwal branch. MICR code for Palwal 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 Palwal is presented in the table alongside.

Use of Corp Bank MICR code for Palwal branch in palwal

The MICR code 110017101 is used in RBI cheque clearing process to identify the branch Palwal 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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