City Union Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for City Union Bank Indore Indore Madhya Pradesh

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MICR Code
Bank City Union Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indore Annapurna
Contact 731-8925805937
Bank Details City Union Bank Ltd Indore Annapurna CIUB0000932
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452001
Country IN
Address Ground floor, 5,bhawanipur colony, opp.progressive education school, annapurna mandir road,indore
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 Indore Annapurna 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, Indore Annapurna branch makes the system almost error free and faster. Use of CUB Bank MICR codes for Indore Annapurna branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of City Union Bank Ltd are available with micr code -

>>Indore >>Indore Annapurna >>Indore Sukhliya >>Itwariya Bazaar Rajwada

MICR code for City Union Bank Indore Annapurna

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 Indore Annapurna 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 Indore Annapurna branch. MICR code for Indore Annapurna 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 Indore Annapurna is presented in the table alongside.

Use of CUB Bank MICR code for Indore Annapurna branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Indore Annapurna 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.

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