Union Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Union Bank Patna Patna Bihar

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MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ashok Rajpath Branch
Contact 9471050438
Bank Details Union Bank Of India Ashok Rajpath Branch UBIN0574228
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 800001
Country IN
Address Dropdi bhawan opp pmch ashok rajpath patna bihar pin 800001
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 Ashok Rajpath Branch 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 Union Bank Of India, Ashok Rajpath Branch branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Ashok Rajpath Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Union Bank Ashok Rajpath Branch

Union Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Union Bank Of India MICR code for Ashok Rajpath Branch 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 Union Bank for Ashok Rajpath Branch branch. MICR code for Ashok Rajpath Branch 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 Union Bank Of India Ashok Rajpath Branch is presented in the table alongside.

Use of Union Bank Of India MICR code for Ashok Rajpath Branch branch in patna

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ashok Rajpath Branch and Union Bank Of India 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 Union Bank is typically in either of these two font’s: E-138 and CMC-7.

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