Syndicate Bank Basavana Bagewadi Bijapur Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Basavana Bagewadi Bijapur Karnataka

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MICR Code	586025106
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Basavana Bagewadi
Contact	-
Bank Details	Syndicate Bank Basavana Bagewadi SYNB0000856

Location	Basavana Bagewadi, Bijapur
City	Basavana Bagewadi
District	Bijapur
State	Karnataka
Pincode	586203
Country	IN
Address	No 1698 b, sholapur raichur highway basavana bagewadi bijapur dist

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 586025106 for Basavana Bagewadi 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 586025106 of Syndicate Bank, Basavana Bagewadi branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Basavana Bagewadi 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 -

>>Basavana Bagewadi

MICR code for Syndicate Bank Basavana Bagewadi

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 Basavana Bagewadi 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. 586025106 is the MICR code of Syndicate Bank for Basavana Bagewadi branch. MICR code for Basavana Bagewadi 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 Basavana Bagewadi is presented in the table alongside.

Use of Syndicate Bank MICR code for Basavana Bagewadi branch in basavana bagewadi

The MICR code 586025106 is used in RBI cheque clearing process to identify the branch Basavana Bagewadi 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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