Syndicate Bank Cement Nagar Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Cement Nagar Kurnool Andhra Pradesh

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MICR Code	518025206
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Cement Nagar
Contact	08516-274640
Bank Details	Syndicate Bank Cement Nagar SYNB0003379

Location	Cement Nagar, Kurnool
City	Cement Nagar
District	Kurnool
State	Andhra Pradesh
Pincode	518206
Country	IN
Address	Door no. D 1 & 2panyam cement quarterscementnagar, dhone talukpin-518 206

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 518025206 for Cement Nagar 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 518025206 of Syndicate Bank, Cement Nagar branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Cement Nagar 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 -

>>Cement Nagar

MICR code for Syndicate Bank Cement Nagar

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 Cement Nagar 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. 518025206 is the MICR code of Syndicate Bank for Cement Nagar branch. MICR code for Cement Nagar 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 Cement Nagar is presented in the table alongside.

Use of Syndicate Bank MICR code for Cement Nagar branch in cement nagar

The MICR code 518025206 is used in RBI cheque clearing process to identify the branch Cement Nagar 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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