Udaipur Urban Bank udaipur MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Udaipur Urban Cooperative Bank MICR codes list for udaipur, one can further search by branch name specified in the table. You can find MICR codes for all Udaipur Urban Bank udaipur branches.
Udaipur Urban Bank MICR code is a character recognition technology used by banks in the processing of cheques. Udaipur Urban Cooperative Bank MICR code for udaipur branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Udaipur Urban Coop Bank branches in udaipur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Udaipur Urban Bank udaipur branch, sprinted 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. Thus MICR code for Udaipur Urban Cooperative Bank udaipur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Udaipur Urban Coop Bank MICR codes for udaipur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!