City Union Bank Erode Sathyamangalam Tamil Nadu MICR CODE

Find MICR Codes for City Union Bank Erode Sathyamangalam 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 Sathyamangalam
Contact 9360575682
Bank Details City Union Bank Ltd Sathyamangalam CIUB0000460
Location Erode, Sathyamangalam
City Erode
District Sathyamangalam
State Tamil Nadu
Pincode 638401
Country IN
Address 125, 126 athani main road (opp bhavanieswaran temple) sathyamangalam -638401 erode -dist
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 Sathyamangalam 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, Sathyamangalam branch makes the system almost error free and faster. Use of CUB Bank MICR codes for Sathyamangalam 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 -

>>Sathyamangalam

MICR code for City Union Bank Sathyamangalam

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

Use of CUB Bank MICR code for Sathyamangalam branch in erode

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