UCO Bank Margao Margao Goa MICR CODE

Find MICR Codes for UCO Bank Margao Margao Goa

Bank
State
District
City
Branch
Address

MICR Code	403028007
Bank	Uco Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ibm Fatorda
Contact	0832-2741759
Bank Details	Uco Bank Ibm Fatorda UCBA0001914

Location	Margao, Margao
City	Margao
District	Margao
State	Goa
Pincode	403601
Country	IN
Address	Admin office,opp.new national highway

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 403028007 for Ibm Fatorda 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 403028007 of UCO Bank, Ibm Fatorda branch makes the system almost error free and faster. Use of UCO Bank MICR codes for Ibm Fatorda branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Ibm Fatorda

MICR code for UCO Bank Ibm Fatorda

UCO Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. UCO Bank MICR code for Ibm Fatorda 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. 403028007 is the MICR code of UCO Bank for Ibm Fatorda branch. MICR code for Ibm Fatorda 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 UCO Bank Ibm Fatorda is presented in the table alongside.

Use of UCO Bank MICR code for Ibm Fatorda branch in margao

The MICR code 403028007 is used in RBI cheque clearing process to identify the branch Ibm Fatorda and UCO 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 UCO Bank is typically in either of these two font’s: E-138 and CMC-7.

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