Union Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Union Bank Kolhapur Kolhapur Maharashtra

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MICR Code	416026005
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	Market Yard Kolhapur
Contact
Bank Details	Union Bank Of India Market Yard Kolhapur UBIN0545155

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416005
Country	IN
Address	Pendarkar bunglow, bus route5th lane rajarampuri

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 416026005 for Market Yard Kolhapur 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 416026005 of Union Bank Of India, Market Yard Kolhapur branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Market Yard Kolhapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Union Bank Of India are available with micr code -

>>Kasba Bawda Kolhapur >>Kolhapur >>Kolhapur >>Kolhapur Main >>Kolhapur Tarabai Park >>Latwade >>Mahadwar Road >>Market Yard Kolhapur >>Mcb Kolhapur >>R.O.Kolhapur >>Station Road Kolhapur >>Union Loan Point Kolhapur >>Wadange

MICR code for Union Bank Market Yard Kolhapur

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 Market Yard Kolhapur 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. 416026005 is the MICR code of Union Bank for Market Yard Kolhapur branch. MICR code for Market Yard Kolhapur 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 Market Yard Kolhapur is presented in the table alongside.

Use of Union Bank Of India MICR code for Market Yard Kolhapur branch in kolhapur

The MICR code 416026005 is used in RBI cheque clearing process to identify the branch Market Yard Kolhapur 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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