UCO Bank Bicholi Mardana Indore Madhya Pradesh MICR CODE

Find MICR Codes for UCO Bank Bicholi Mardana Indore Madhya Pradesh

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MICR Code
Bank Uco Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bicholi Mardana
Contact
Bank Details Uco Bank Bicholi Mardana UCBA0002470
Location Bicholi Mardana, Indore
City Bicholi Mardana
District Indore
State Madhya Pradesh
Pincode 452016
Country IN
Address Bicholi mardana main road, indore, mp
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 Bicholi Mardana 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 UCO Bank, Bicholi Mardana branch makes the system almost error free and faster. Use of UCO Bank MICR codes for Bicholi Mardana branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Uco Bank are available with micr code -

>>Bicholi Mardana

MICR code for UCO Bank Bicholi Mardana

UCO Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. UCO Bank MICR code for Bicholi Mardana 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 UCO Bank for Bicholi Mardana branch. MICR code for Bicholi Mardana 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 UCO Bank Bicholi Mardana is presented in the table alongside.

Use of UCO Bank MICR code for Bicholi Mardana branch in bicholi mardana

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

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