Union Bank Ahmednagar Ahmednagar Maharashtra MICR CODE

Find MICR Codes for Union Bank Ahmednagar Ahmednagar Maharashtra

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MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Midc Nagapur
Contact 241-7355146814
Bank Details Union Bank Of India Midc Nagapur UBIN0592617
Location Ahmednagar, Ahmednagar
City Ahmednagar
District Ahmednagar
State Maharashtra
Pincode 414111
Country IN
Address Ground floor, plot no. 3,4,8 and 9, next to bolhegaon bridge, manmad road, nagapur, ahmednagar - 414111
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 Midc Nagapur 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 Union Bank Of India, Midc Nagapur branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Midc Nagapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Union Bank Of India are available with micr code -

>>Ahmednagar >>Baradgaon Sudrik >>Kokangaon >>Midc Nagapur >>Regional Office Ahmednagar >>Savedi Ahmed Nagar >>Union Loan Point Ahmednagar

MICR code for Union Bank Midc Nagapur

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

Use of Union Bank Of India MICR code for Midc Nagapur branch in ahmednagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Midc Nagapur 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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