Union Bank Bagalkote Lokapur Karnataka MICR CODE

Find MICR Codes for Union Bank Bagalkote Lokapur Karnataka

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MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lokapur
Contact 8350-243078
Bank Details Union Bank Of India Lokapur UBIN0917265
Location Bagalkote, Lokapur
City Bagalkote
District Lokapur
State Karnataka
Pincode 587122
Country IN
Address Survey no 23192, ground floor, oppshivasagar lodge, jalikatti, lokapur, mudhol, bagalkot 587122 karnataka
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.

Search Union Bank MICR Codes in lokapur

You can search through MICR Codes of Karnataka branches in bagalkote of District lokapur in Karnataka State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Union Bank Of India are available with micr code -

>>Lokapur

How to find MICR codes for Union Bank in bagalkote?

Union Bank bagalkote MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Union Bank Of India MICR codes list for bagalkote, one can further search by branch name specified in the table. You can find MICR codes for all Union Bank bagalkote branches.

Union Bank Of India MICR code in bagalkote

Union Bank MICR code is a character recognition technology used by banks in the processing of cheques. Union Bank Of India MICR code for bagalkote branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Union Bank branches in bagalkote, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Union Bank MICR code for bagalkote branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Union Bank bagalkote branch, sprinted 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. Thus MICR code for Union Bank Of India bagalkote branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Union Bank MICR codes for bagalkote branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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