Union Bank Parvatipuram Manyam Parvatipuram Punjab MICR CODE

Find MICR Codes for Union Bank Parvatipuram Manyam Parvatipuram Punjab

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MICR Code	160011040
Bank	Union Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Belagam
Contact	535501-9836816164
Bank Details	Union Bank Of India Belagam UBIN0800406

Location	Parvatipuram Manyam, Parvatipuram
City	Parvatipuram Manyam
District	Parvatipuram
State	Punjab
Pincode	532502
Country	IN
Address	Main road belagam parvatipuram

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 160011040 for Belagam 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 160011040 of Union Bank Of India, Belagam branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Belagam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Union Bank Of India are available with micr code -

>>Belagam

MICR code for Union Bank Belagam

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 Belagam 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. 160011040 is the MICR code of Union Bank for Belagam branch. MICR code for Belagam 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 Belagam is presented in the table alongside.

Use of Union Bank Of India MICR code for Belagam branch in parvatipuram manyam

The MICR code 160011040 is used in RBI cheque clearing process to identify the branch Belagam 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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