IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.
UCO BANK RAMGANJ MANDI ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main payment and settlement systems in India.
1) RTGS : Real Time Gross Settlement 2) NEFT : National Electronic Fund Transfer
For Example :
UCO BANK RAMGANJ MANDI ifsc code : UCBA0002341 is 11 digit Unique IFSC Code.
First 4 characters represents Bank Code : UCBA for Bank : UCO BANK
5th character is Zero and it is reserved for future reference
Last 6 characters represents Branch Code : 002341 for Bank Branch RAMGANJ MANDI
Anatomy of a Cheque
The above image represent cheque format which locates IFSC Code and MICR Code in Red Box
MICR code for uco bank ramganj mandi represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.
MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).
MICR Code for UCO BANK : 326028026 is 9 digit Unique MICR Code.
First 3 digits represents CityCode Code : 326 for City : RAMGANJ MANDI
Middle 3 digits reprents Bank Code: 028 for Bank : UCO BANK
Last 3 digits represents Branch Code : 802 for Bank Branch RAMGANJ MANDI
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