Union Bank Guntur Guntur Andhra Pradesh MICR CODE

Find MICR Codes for Union Bank Guntur Guntur Andhra 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 Lakshmipuram Currency Chest
Contact 0
Bank Details Union Bank Of India Lakshmipuram Currency Chest UBIN0584223
Location Guntur, Guntur
City Guntur
District Guntur
State Andhra Pradesh
Pincode 522007
Country IN
Address 5-87-112, 2nd line lakshmipuram, lakshmipuram main road, opposite reliance smart, guntur-522007
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 Lakshmipuram Currency Chest 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, Lakshmipuram Currency Chest branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Lakshmipuram Currency Chest branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Union Bank Lakshmipuram Currency Chest

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 Lakshmipuram Currency Chest 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 Lakshmipuram Currency Chest branch. MICR code for Lakshmipuram Currency Chest 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 Lakshmipuram Currency Chest is presented in the table alongside.

Use of Union Bank Of India MICR code for Lakshmipuram Currency Chest branch in guntur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lakshmipuram Currency Chest 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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