UCO Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for UCO Bank Indore 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 Mt Cloth Market
Contact 07312454669
Bank Details Uco Bank Mt Cloth Market UCBA0000084
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452002
Country IN
Address Uco bank, sitla mata bazar,mt cloth market indore m.p 452002
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 452028003 for Mt Cloth Market 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 452028003 of UCO Bank, Mt Cloth Market branch makes the system almost error free and faster. Use of UCO Bank MICR codes for Mt Cloth Market branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for UCO Bank Mt Cloth Market

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 Mt Cloth Market 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. 452028003 is the MICR code of UCO Bank for Mt Cloth Market branch. MICR code for Mt Cloth Market 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 Mt Cloth Market is presented in the table alongside.

Use of UCO Bank MICR code for Mt Cloth Market branch in indore

The MICR code 452028003 is used in RBI cheque clearing process to identify the branch Mt Cloth Market 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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