Union Bank Calangute Calangute Goa MICR CODE

Find MICR Codes for Union Bank Calangute Calangute Goa

Bank
State
District
City
Branch
Address

MICR Code	403026016
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	Calangute
Contact
Bank Details	Union Bank Of India Calangute UBIN0562254

Location	Calangute, Calangute
City	Calangute
District	Calangute
State	Goa
Pincode	403519
Country	IN
Address	Gkp complex shop no 23 24 25 26 calangute bagha main road cobrawado calangute goa

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 403026016 for Calangute 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 403026016 of Union Bank Of India, Calangute branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Calangute 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 -

>>Calangute

MICR code for Union Bank Calangute

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 Calangute 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. 403026016 is the MICR code of Union Bank for Calangute branch. MICR code for Calangute 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 Calangute is presented in the table alongside.

Use of Union Bank Of India MICR code for Calangute branch in calangute

The MICR code 403026016 is used in RBI cheque clearing process to identify the branch Calangute 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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