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Ujjivan Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Ujjivan Bank Indore Indore Madhya Pradesh

MICR Code:
Bank: Ujjivan Small Finance Bank Limited
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Indore
Contact: 0
Bank Details: Ujjivan Small Finance Bank Limited Indore UJVN0002285
Location: Indore, Indore
City: Indore
District: Indore
State: Madhya Pradesh
Pincode:
Country: IN
Address: Plot no.17-a part c,ground& 1st floor,bamru colony jaora,compound indore,madhya pradesh-452001
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 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 Ujjivan Small Finance, Indore branch makes the system almost error free and faster. Use of Ujjivan Small Finance MICR codes for Indore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Ujjivan Small Finance Bank Limited are available with micr code -

>>Indore

MICR code for Ujjivan Bank Indore

Ujjivan Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Ujjivan Small Finance MICR code for Indore 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 Ujjivan Finance Bank for Indore branch. MICR code for Indore 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 Ujjivan Small Finance Indore is presented in the table alongside.

Use of Ujjivan Small Finance MICR code for Indore branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Indore and Ujjivan Small Finance 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 Ujjivan Finance Bank is typically in either of these two font’s: E-138 and CMC-7.