City Union Bank Koodal Nagar Madurai Tamil Nadu MICR CODE

Find MICR Codes for City Union Bank Koodal Nagar Madurai Tamil Nadu

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MICR Code
Bank City Union Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch City Union Bank Ltd
Contact 7695816261
Bank Details City Union Bank Ltd City Union Bank Ltd CIUB0000548
Location Koodal Nagar, Madurai
City Koodal Nagar
District Madurai
State Tamil Nadu
Pincode 625018
Country IN
Address No 1/1/3d, palamedu main road, chokkalinga nagar, koodal nagar, madurai - 625018
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 City Union Bank Ltd 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 CUB Bank, City Union Bank Ltd branch makes the system almost error free and faster. Use of CUB Bank MICR codes for City Union Bank Ltd branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of City Union Bank Ltd are available with micr code -

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MICR code for City Union Bank City Union Bank Ltd

City Union Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. CUB Bank MICR code for City Union Bank Ltd 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 City Union Bank for City Union Bank Ltd branch. MICR code for City Union Bank Ltd 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 CUB Bank City Union Bank Ltd is presented in the table alongside.

Use of CUB Bank MICR code for City Union Bank Ltd branch in koodal nagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch City Union Bank Ltd and CUB 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 City Union Bank is typically in either of these two font’s: E-138 and CMC-7.

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