Union Bank Belgaum Saundatti Karnataka MICR CODE

Find MICR Codes for Union Bank Belgaum Saundatti Karnataka

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MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mugalihal
Contact 0-9008299056
Bank Details Union Bank Of India Mugalihal UBIN0916986
Location Belgaum, Saundatti
City Belgaum
District Saundatti
State Karnataka
Pincode 591129
Country IN
Address G.p.no.863,post mugalihal,saundatti,belgaum 591129 karnataka
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 Mugalihal 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, Mugalihal branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Mugalihal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Union Bank Of India are available with micr code -

>>Mugalihal >>Saundatti

MICR code for Union Bank Mugalihal

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

Use of Union Bank Of India MICR code for Mugalihal branch in belgaum

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