Syndicate Bank Basvapur Basvapur Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Basvapur Basvapur Andhra Pradesh

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MICR Code	503025604
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Basvapur
Contact	9440905198
Bank Details	Syndicate Bank Basvapur SYNB0003531

Location	Basvapur, Basvapur
City	Basvapur
District	Basvapur
State	Andhra Pradesh
Pincode	503101
Country	IN
Address	H no 2-21 baswapur village,near saraswati sishu mandir,bhiknur mandal,basvapur

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 503025604 for Basvapur 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 503025604 of Syndicate Bank, Basvapur branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Basvapur 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 -

>>Basvapur

MICR code for Syndicate Bank Basvapur

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 Basvapur 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. 503025604 is the MICR code of Syndicate Bank for Basvapur branch. MICR code for Basvapur 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 Basvapur is presented in the table alongside.

Use of Syndicate Bank MICR code for Basvapur branch in basvapur

The MICR code 503025604 is used in RBI cheque clearing process to identify the branch Basvapur 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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