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 Sudama Nagar
Contact 9755738378
Bank Details Uco Bank Sudama Nagar UCBA0002590
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452009
Country IN
Address Raghav regency, 1881-d, ring road sudama nagar, indore - 452009
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 Sudama Nagar 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, Sudama Nagar branch makes the system almost error free and faster. Use of UCO Bank MICR codes for Sudama Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for UCO Bank Sudama Nagar

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 Sudama Nagar 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 Sudama Nagar branch. MICR code for Sudama Nagar 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 Sudama Nagar is presented in the table alongside.

Use of UCO Bank MICR code for Sudama Nagar branch in indore

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