UCO Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for UCO Bank Indore Indore Madhya Pradesh

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MICR Code
Bank Uco Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Scheme One Hundred Fourty
Contact 731-2438300
Bank Details Uco Bank Scheme One Hundred Fourty UCBA0003718
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452016
Country IN
Address Uco bank, ground floor , 50 af , scheme no 94, pipliyahana square, ring road indore mp po 452016
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 Scheme One Hundred Fourty 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 UCO Bank, Scheme One Hundred Fourty branch makes the system almost error free and faster. Use of UCO Bank MICR codes for Scheme One Hundred Fourty branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for UCO Bank Scheme One Hundred Fourty

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 Scheme One Hundred Fourty 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 UCO Bank for Scheme One Hundred Fourty branch. MICR code for Scheme One Hundred Fourty 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 Scheme One Hundred Fourty is presented in the table alongside.

Use of UCO Bank MICR code for Scheme One Hundred Fourty branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Scheme One Hundred Fourty 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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