Union Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Union Bank Madurai Madurai Tamil Nadu

MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sme Madurai
Contact 452-2588258
Bank Details Union Bank Of India Sme Madurai UBIN0911976
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625020
Country IN
Address 11, ground floor,arulmalar convent road,kk nagar, madurai625 020
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 Sme Madurai 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, Sme Madurai branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Sme Madurai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Union Bank Sme Madurai

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 Sme Madurai 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 Sme Madurai branch. MICR code for Sme Madurai 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 Sme Madurai is presented in the table alongside.

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

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sme Madurai 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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