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City Union Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for City Union Bank Chennai Chennai Tamil Nadu

MICR Code
Bank City Union Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Digital Banking Division
Contact 0-28297904
Bank Details City Union Bank Ltd Digital Banking Division CIUB0000655
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode
Country IN
Address Ground floor,no 706 anna salai,thousand lights,chennai.tamil nadu
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 Digital Banking Division 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 CUB Bank, Digital Banking Division branch makes the system almost error free and faster. Use of CUB Bank MICR codes for Digital Banking Division branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for City Union Bank Digital Banking Division

City Union Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. CUB Bank MICR code for Digital Banking Division 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 City Union Bank for Digital Banking Division branch. MICR code for Digital Banking Division 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 CUB Bank Digital Banking Division is presented in the table alongside.

Use of CUB Bank MICR code for Digital Banking Division branch in chennai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Digital Banking Division and CUB 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 City Union Bank is typically in either of these two font’s: E-138 and CMC-7.