Union Bank Varanasi Varanasi Uttar Pradesh MICR CODE

Find MICR Codes for Union Bank Varanasi Varanasi 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 Munari
Contact 0
Bank Details Union Bank Of India Munari UBIN0573833
Location Varanasi, Varanasi
City Varanasi
District Varanasi
State Uttar Pradesh
Pincode 221104
Country IN
Address Vill po munari varanasi uttar pradesh 221104
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 Munari 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, Munari branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Munari branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Union Bank Munari

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

Use of Union Bank Of India MICR code for Munari branch in varanasi

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