Unity Small Finance Bank Palghar Palghar Maharashtra MICR CODE

Find MICR Codes for Unity Small Finance Bank Palghar Palghar Maharashtra

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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	Virar
Contact	2525-9619117728
Bank Details	Unity Small Finance Bank Limited Virar UNBA0000021

Location	Palghar, Palghar
City	Palghar
District	Palghar
State	Maharashtra
Pincode
Country	IN
Address	Shop no.6/7/8 and 9,madhu maitray apts,sr no. 152,opp.manvelpada talao,hissa no. 1/1,village-virar(e)

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

A total of 3 branches of Unity Small Finance Bank Limited are available with micr code -

>>Boisar >>Palghar >>Virar

MICR code for Unity Small Finance Bank Virar

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

Use of Unity Bank MICR code for Virar branch in palghar

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