UCO Bank Magrol Magrol Madhya Pradesh MICR CODE

Find MICR Codes for UCO Bank Magrol Magrol Madhya Pradesh

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MICR Code	475028661
Bank	Uco Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Magrol
Contact	9977913752
Bank Details	Uco Bank Magrol UCBA0001497

Location	Magrol, Magrol
City	Magrol
District	Magrol
State	Madhya Pradesh
Pincode	475682
Country	IN
Address	Uco bank magrol

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 475028661 for Magrol 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 475028661 of UCO Bank, Magrol branch makes the system almost error free and faster. Use of UCO Bank MICR codes for Magrol 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 -

>>Magrol

MICR code for UCO Bank Magrol

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 Magrol 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. 475028661 is the MICR code of UCO Bank for Magrol branch. MICR code for Magrol 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 Magrol is presented in the table alongside.

Use of UCO Bank MICR code for Magrol branch in magrol

The MICR code 475028661 is used in RBI cheque clearing process to identify the branch Magrol 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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