Union Bank Mohali Mohali Punjab MICR CODE

Find MICR Codes for Union Bank Mohali Mohali Punjab

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MICR Code	-NA-
Bank	Union Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Dera Bassi
Contact	9878804258
Bank Details	Union Bank Of India Dera Bassi UBIN0567477

Location	Mohali, Mohali
City	Mohali
District	Mohali
State	Punjab
Pincode	140507
Country	IN
Address	Adjoining uco bank chandigarh ambala road mohali punjabpin -140507

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 Dera Bassi 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, Dera Bassi branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Dera Bassi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Union Bank Of India are available with micr code -

>>Banur >>Dera Bassi >>Panjab Mandi Board Mohali >>Retail Asset Branch Mohali >>Ropar Road

MICR code for Union Bank Dera Bassi

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 Dera Bassi 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 Dera Bassi branch. MICR code for Dera Bassi 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 Dera Bassi is presented in the table alongside.

Use of Union Bank Of India MICR code for Dera Bassi branch in mohali

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