Syndicate Bank Coimbatore Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Syndicate Bank Coimbatore Coimbotore Tamil Nadu

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Coimbatore Pankaja Mills
Contact
Bank Details Syndicate Bank Coimbatore Pankaja Mills SYNB0006138
Location Coimbatore, Coimbotore
City Coimbatore
District Coimbotore
State Tamil Nadu
Pincode 641045
Country IN
Address 27-c, d k r building, pankaja mills road, ramanathapuram, coimbatore, coimbatore, tamilnadu, 641 045
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 641025011 for Coimbatore Pankaja Mills 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 641025011 of Syndicate Bank, Coimbatore Pankaja Mills branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Coimbatore Pankaja Mills branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Coimbatore Pankaja Mills

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 Coimbatore Pankaja Mills 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. 641025011 is the MICR code of Syndicate Bank for Coimbatore Pankaja Mills branch. MICR code for Coimbatore Pankaja Mills 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 Coimbatore Pankaja Mills is presented in the table alongside.

Use of Syndicate Bank MICR code for Coimbatore Pankaja Mills branch in coimbatore

The MICR code 641025011 is used in RBI cheque clearing process to identify the branch Coimbatore Pankaja Mills 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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