Syndicate Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Nagpur Nagpur Maharashtra

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Besa
Contact
Bank Details Syndicate Bank Besa SYNB0005275
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440034
Country IN
Address Phase 1 plot no r1,siddesh sai kripa,besa manish nagar road,nagpur,maharashtra ,440034
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 0 for Besa 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 0 of Syndicate Bank, Besa branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Besa branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Besa

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 Besa 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. 0 is the MICR code of Syndicate Bank for Besa branch. MICR code for Besa 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 Besa is presented in the table alongside.

Use of Syndicate Bank MICR code for Besa branch in nagpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Besa 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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