Union Bank Bokaro Steel City Bokaro Jharkhand MICR CODE

Find MICR Codes for Union Bank Bokaro Steel City Bokaro 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 Chas
Contact
Bank Details Union Bank Of India Chas UBIN0564150
Location Bokaro Steel City, Bokaro
City Bokaro Steel City
District Bokaro
State Jharkhand
Pincode 827013
Country IN
Address Rajlaxmi tower,main road,chas pin code 827013
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 Chas 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, Chas branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Chas branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Union Bank Of India are available with micr code -

>>Bokaro Steel City >>Bokaro Steel City College >>Chas

MICR code for Union Bank Chas

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 Chas 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 Chas branch. MICR code for Chas 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 Chas is presented in the table alongside.

Use of Union Bank Of India MICR code for Chas branch in bokaro steel city

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