Unity Small Finance Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Unity Small Finance Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Unity Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Goregaon East
Contact 22-7506342322
Bank Details Unity Small Finance Bank Limited Goregaon East UNBA0000054
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400063
Country IN
Address 6/b1, supriya house, gagan shopping complex, gokuldham road, near gokuldham edical centre, goregaon(east), mumbai - 400063
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 Goregaon East 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 Unity Bank, Goregaon East branch makes the system almost error free and faster. Use of Unity Bank MICR codes for Goregaon East branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Unity Small Finance Bank Goregaon East

Unity Small Finance Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Unity Bank MICR code for Goregaon East 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 Unity Small Finance Bank for Goregaon East branch. MICR code for Goregaon East 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 Unity Bank Goregaon East is presented in the table alongside.

Use of Unity Bank MICR code for Goregaon East branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Goregaon East and Unity Bank 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 Unity Small Finance Bank is typically in either of these two font’s: E-138 and CMC-7.

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