Syndicate Bank Bannikal Bellary Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Bannikal Bellary Karnataka

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MICR Code	583025110
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bannikal
Contact	08397-233414
Bank Details	Syndicate Bank Bannikal SYNB0000618

Location	Bannikal, Bellary
City	Bannikal
District	Bellary
State	Karnataka
Pincode	583214
Country	IN
Address	Bannikalvia hampasagarhagaribommanahalli talukpin-583 214

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 583025110 for Bannikal 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 583025110 of Syndicate Bank, Bannikal branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Bannikal branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Bannikal

MICR code for Syndicate Bank Bannikal

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 Bannikal 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. 583025110 is the MICR code of Syndicate Bank for Bannikal branch. MICR code for Bannikal 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 Bannikal is presented in the table alongside.

Use of Syndicate Bank MICR code for Bannikal branch in bannikal

The MICR code 583025110 is used in RBI cheque clearing process to identify the branch Bannikal 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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