MICR Code Bank
Find MICR code for Union Bank branches in India for NEFT and RTGS transfer

Union Bank MICR CODE

Find MICR Codes for Union Bank

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  1. Union Bank Of India »
  2. Tamil Nadu »
  3. madurai »
  4. madurai »
  5. madurai main

Find MICR Codes for Union Bank

MICR Code: 625026002
Bank: Union Bank Of India
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Madurai Main
Contact:
Bank Details: Union Bank Of India Madurai Main UBIN0533513
Location: Madurai, Madurai
City: Madurai
District: Madurai
State: Tamil Nadu
Pincode: 625001
Country: IN
Address: P.b. No. 51, rosary buildings,1st floor, town hall road,madurai, tamil nadu, pin - 625 001.

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

MICR code for Union Bank

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

Use of Union Bank Of India MICR code for branch in madurai

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