Let Others Know
×
LinkedIn
Email
WhatsApp

Union Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Union Bank Patna Patna Bihar

MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sagunamore
Contact 9304998751
Bank Details Union Bank Of India Sagunamore UBIN0557722
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 801503
Country IN
Address Near sagunamore bailey rd danapur patna bihar 801503
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 800026011 for Sagunamore 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 800026011 of Union Bank Of India, Sagunamore branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Sagunamore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Union Bank Sagunamore

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 Sagunamore 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. 800026011 is the MICR code of Union Bank for Sagunamore branch. MICR code for Sagunamore 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 Sagunamore is presented in the table alongside.

Use of Union Bank Of India MICR code for Sagunamore branch in patna

The MICR code 800026011 is used in RBI cheque clearing process to identify the branch Sagunamore 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.