Union Bank Bareilly Bareilly Uttar Pradesh MICR CODE

Find MICR Codes for Union Bank Bareilly Bareilly 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 Service Branch Bareli
Contact (0581)-2510597
Bank Details Union Bank Of India Service Branch Bareli UBIN0553387
Location Bareilly, Bareilly
City Bareilly
District Bareilly
State Uttar Pradesh
Pincode 243001
Country IN
Address Bareilly service branch gagandeep complex 148 civil lines badaun road po head bareilly uttar pradesh 243001
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 Service Branch Bareli 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, Service Branch Bareli branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Service Branch Bareli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Union Bank Service Branch Bareli

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 Service Branch Bareli 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 Service Branch Bareli branch. MICR code for Service Branch Bareli 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 Service Branch Bareli is presented in the table alongside.

Use of Union Bank Of India MICR code for Service Branch Bareli branch in bareilly

The MICR code 0 is used in RBI cheque clearing process to identify the branch Service Branch Bareli 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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