UCO Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for UCO Bank Pune Pune Maharashtra

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MICR Code
Bank Uco Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chakan
Contact 20-7602213780
Bank Details Uco Bank Chakan UCBA0003407
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode
Country IN
Address Shop no 3 4 5, gate no 482, pradnyesh residency, zagada vasti, pune nashik highway, chakan, pune
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 Chakan 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, Chakan branch makes the system almost error free and faster. Use of UCO Bank MICR codes for Chakan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for UCO Bank Chakan

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

Use of UCO Bank MICR code for Chakan branch in pune

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