Union Bank Chaibasa Paschimi Singhbhum Jharkhand MICR CODE

Find MICR Codes for Union Bank Chaibasa Paschimi Singhbhum Jharkhand

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MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chaibasa
Contact 258410
Bank Details Union Bank Of India Chaibasa UBIN0555240
Location Chaibasa, Paschimi Singhbhum
City Chaibasa
District Paschimi Singhbhum
State Jharkhand
Pincode 833201
Country IN
Address New jain market, court road,chaibasa, dist. West singhbhum,jharkhand - 833 201.
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 paschimi singhbhum

You can search through MICR Codes of Jharkhand branches in chaibasa of District paschimi singhbhum in Jharkhand 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 -

>>Chaibasa

How to find MICR codes for Union Bank in chaibasa?

Union Bank chaibasa 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 chaibasa, one can further search by branch name specified in the table. You can find MICR codes for all Union Bank chaibasa branches.

Union Bank Of India MICR code in chaibasa

Union Bank MICR code is a character recognition technology used by banks in the processing of cheques. Union Bank Of India MICR code for chaibasa 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 chaibasa, 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 chaibasa 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 chaibasa 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 chaibasa branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Union Bank MICR codes for chaibasa 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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