Syndicate Bank Guntur Guntur Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Guntur Guntur Andhra Pradesh

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Amaravathi
Contact 2496119
Bank Details Syndicate Bank Amaravathi SYNB0003291
Location Guntur, Guntur
City Guntur
District Guntur
State Andhra Pradesh
Pincode 522020
Country IN
Address Syndicate bank,h no 10-110 grama kacheri centre,main road amaravathi,dist-guntur andhra pradesh india -522020
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 520025110 for Amaravathi 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 520025110 of Syndicate Bank, Amaravathi branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Amaravathi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Amaravathi

Syndicate Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Syndicate Bank MICR code for Amaravathi 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. 520025110 is the MICR code of Syndicate Bank for Amaravathi branch. MICR code for Amaravathi 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 Syndicate Bank Amaravathi is presented in the table alongside.

Use of Syndicate Bank MICR code for Amaravathi branch in guntur

The MICR code 520025110 is used in RBI cheque clearing process to identify the branch Amaravathi and Syndicate 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 Syndicate Bank is typically in either of these two font’s: E-138 and CMC-7.

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