Union Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Union Bank Hyderabad Hyderabad Urban Andhra Pradesh

MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Banjara Hills
Contact 9949019225
Bank Details Union Bank Of India Banjara Hills UBIN0559041
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500034
Country IN
Address Door no 8 2 460 2 1road no 4 banjara hills hyderabad 500034
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 500026030 for Banjara Hills 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 500026030 of Union Bank Of India, Banjara Hills branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Banjara Hills branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Union Bank Banjara Hills

Union Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Union Bank Of India MICR code for Banjara Hills 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. 500026030 is the MICR code of Union Bank for Banjara Hills branch. MICR code for Banjara Hills 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 Union Bank Of India Banjara Hills is presented in the table alongside.

Use of Union Bank Of India MICR code for Banjara Hills branch in hyderabad

The MICR code 500026030 is used in RBI cheque clearing process to identify the branch Banjara Hills and Union Bank Of India 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 Union Bank is typically in either of these two font’s: E-138 and CMC-7.

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