City Union Bank Neyveli Cuddalore Tamil Nadu MICR CODE

Find MICR Codes for City Union Bank Neyveli Cuddalore 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 Neyveli
Contact
Bank Details City Union Bank Ltd Neyveli CIUB0000284
Location Neyveli, Cuddalore
City Neyveli
District Cuddalore
State Tamil Nadu
Pincode 607308
Country IN
Address 13-a/1,40 feet road,gandhigramam,gandhi nagar – post,neyveli – 607 308
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 Neyveli 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, Neyveli branch makes the system almost error free and faster. Use of CUB Bank MICR codes for Neyveli 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 Neyveli

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 Neyveli 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 Neyveli branch. MICR code for Neyveli 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 Neyveli is presented in the table alongside.

Use of CUB Bank MICR code for Neyveli branch in neyveli

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