Unity Small Finance Bank Sathilo Mayurbhanj Orissa MICR CODE

Find MICR Codes for Unity Small Finance Bank Sathilo Mayurbhanj Orissa

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MICR Code	-NA-
Bank	Unity Small Finance Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sathilo
Contact	91-9777796026
Bank Details	Unity Small Finance Bank Limited Sathilo UNBA0001078

Location	Sathilo, Mayurbhanj
City	Sathilo
District	Mayurbhanj
State	Orissa
Pincode	757001
Country	IN
Address	at - sathilo, plot no - 379/304, post - betnoti, dist - mayurbhanj, odisha, pin - 757001

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

A total of 1 branches of Unity Small Finance Bank Limited are available with micr code -

>>Sathilo

MICR code for Unity Small Finance Bank Sathilo

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

Use of Unity Bank MICR code for Sathilo branch in sathilo

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