Union Bank Noida Gautam Buddh Nagar Uttar Pradesh MICR CODE

Find MICR Codes for Union Bank Noida Gautam Buddh Nagar Uttar Pradesh

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MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khoda Colony
Contact
Bank Details Union Bank Of India Khoda Colony UBIN0569780
Location Noida, Gautam Buddh Nagar
City Noida
District Gautam Buddh Nagar
State Uttar Pradesh
Pincode 201301
Country IN
Address A10/deepak vihar khoda colony noida uttar pradesh pincode- 201301
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 Khoda Colony 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, Khoda Colony branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Khoda Colony branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Khoda Colony

MICR code for Union Bank Khoda Colony

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 Khoda Colony 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 Khoda Colony branch. MICR code for Khoda Colony 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 Khoda Colony is presented in the table alongside.

Use of Union Bank Of India MICR code for Khoda Colony branch in noida

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