Syndicate Bank Balasore Balasore Orissa MICR CODE

Find MICR Codes for Syndicate Bank Balasore Balasore Orissa

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Balasore
Contact
Bank Details Syndicate Bank Balasore SYNB0008010
Location Balasore, Balasore
City Balasore
District Balasore
State Orissa
Pincode 756003
Country IN
Address Motiganj bazar, balasore, , , baleshwar, orissa, 756 003
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.

Search Syndicate Bank MICR Codes in balasore

You can search through MICR Codes of Orissa branches in balasore of District balasore in Orissa State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Syndicate Bank are available with micr code -

>>Balasore

How to find MICR codes for Syndicate Bank in balasore?

Syndicate Bank balasore MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Syndicate Bank MICR codes list for balasore, one can further search by branch name specified in the table. You can find MICR codes for all Syndicate Bank balasore branches.

Syndicate Bank MICR code in balasore

Syndicate Bank MICR code is a character recognition technology used by banks in the processing of cheques. Syndicate Bank MICR code for balasore branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Syndicate Bank branches in balasore, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Syndicate Bank MICR code for balasore branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Syndicate Bank balasore branch, sprinted 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. Thus MICR code for Syndicate Bank balasore branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Syndicate Bank MICR codes for balasore branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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