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Union Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Union Bank Chandigarh Chandigarh Chandigarh

MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sector 21 C Chandigarh
Contact
Bank Details Union Bank Of India Sector 21 C Chandigarh UBIN0539899
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160022
Country IN
Address S.c.f. No.3,sector 21-c, chandigarh,pin - 160 022.
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 160026003 for Sector 21 C Chandigarh 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 160026003 of Union Bank Of India, Sector 21 C Chandigarh branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Sector 21 C Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Union Bank Sector 21 C Chandigarh

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 Sector 21 C Chandigarh 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. 160026003 is the MICR code of Union Bank for Sector 21 C Chandigarh branch. MICR code for Sector 21 C Chandigarh 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 Sector 21 C Chandigarh is presented in the table alongside.

Use of Union Bank Of India MICR code for Sector 21 C Chandigarh branch in chandigarh

The MICR code 160026003 is used in RBI cheque clearing process to identify the branch Sector 21 C Chandigarh 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.