Union Bank Newada Varanasi Uttar Pradesh MICR CODE

Find MICR Codes for Union Bank Newada 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 Newada(Dist Varanasi)
Contact (0542)-622246
Bank Details Union Bank Of India Newada(Dist Varanasi) UBIN0541401
Location Newada, Varanasi
City Newada
District Varanasi
State Uttar Pradesh
Pincode 221202
Country IN
Address At newada, post babatpur, block pindara dist. Varanasi, uttar pradesh, pin - 221 202.
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.

Search Union Bank MICR Codes in varanasi

You can search through MICR Codes of Uttar Pradesh branches in newada of District varanasi in Uttar Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Newada(Dist Varanasi)

How to find MICR codes for Union Bank in newada?

Union Bank newada MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Union Bank Of India MICR codes list for newada, one can further search by branch name specified in the table. You can find MICR codes for all Union Bank newada branches.

Union Bank Of India MICR code in newada

Union Bank MICR code is a character recognition technology used by banks in the processing of cheques. Union Bank Of India MICR code for newada branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Union Bank branches in newada, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Union Bank MICR code for newada branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Union Bank newada branch, sprinted 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. Thus MICR code for Union Bank Of India newada branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Union Bank MICR codes for newada branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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