United Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for United Bank Indore Indore Madhya Pradesh

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MICR Code	700027079
Bank	United Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Indore
Contact	(03453) 255034
Bank Details	United Bank Of India Indore UTBI0IND630

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452007
Country	IN
Address	19, sunder plaza, 1st floor, street no-1, jail road, indore - 452007, madhya pradesh

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 700027079 for Indore 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 700027079 of United Bank India, Indore branch makes the system almost error free and faster. Use of United Bank India MICR codes for Indore branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Indore >>Khatiwala Tank

MICR code for United Bank Indore

United Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. United Bank India MICR code for Indore 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. 700027079 is the MICR code of United Bank for Indore branch. MICR code for Indore 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 United Bank India Indore is presented in the table alongside.

Use of United Bank India MICR code for Indore branch in indore

The MICR code 700027079 is used in RBI cheque clearing process to identify the branch Indore and United Bank 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 United Bank is typically in either of these two font’s: E-138 and CMC-7.

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