Union Bank Parasia Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for Union Bank Parasia Chhindwara Madhya Pradesh

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MICR Code	-NA-
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	Parasia
Contact	(07161)-220206
Bank Details	Union Bank Of India Parasia UBIN0542008

Location	Parasia, Chhindwara
City	Parasia
District	Chhindwara
State	Madhya Pradesh
Pincode	480441
Country	IN
Address	Infront of new bus stand,parasia

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

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

>>Parasia

MICR code for Union Bank Parasia

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

Use of Union Bank Of India MICR code for Parasia branch in parasia

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