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Unity Small Finance Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Unity Small Finance Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Unity Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Koldongri Andheri East
Contact 22-9619595977
Bank Details Unity Small Finance Bank Limited Koldongri Andheri East UNBA0000038
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400057
Country IN
Address Shahaji raje road,next to meghdut apartment,vile parle east,mumbai-400057
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 Koldongri Andheri East 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 Unity Bank, Koldongri Andheri East branch makes the system almost error free and faster. Use of Unity Bank MICR codes for Koldongri Andheri East branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Unity Small Finance Bank Koldongri Andheri East

Unity Small Finance Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Unity Bank MICR code for Koldongri Andheri East 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 Unity Small Finance Bank for Koldongri Andheri East branch. MICR code for Koldongri Andheri East 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 Unity Bank Koldongri Andheri East is presented in the table alongside.

Use of Unity Bank MICR code for Koldongri Andheri East branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Koldongri Andheri East and Unity Bank 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 Unity Small Finance Bank is typically in either of these two font’s: E-138 and CMC-7.