Syndicate Bank Cundaim North Goa Goa MICR CODE

Find MICR Codes for Syndicate Bank Cundaim North Goa Goa

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MICR Code	-NA-
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Cudnem
Contact	2424083
Bank Details	Syndicate Bank Cudnem SYNB0007233

Location	Cundaim, North Goa
City	Cundaim
District	North Goa
State	Goa
Pincode	403505
Country	IN
Address	Village panchayath bldg cudnem north goa district goa 403505

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

>>Cudnem

MICR code for Syndicate Bank Cudnem

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 Cudnem 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 Cudnem branch. MICR code for Cudnem 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 Cudnem is presented in the table alongside.

Use of Syndicate Bank MICR code for Cudnem branch in cundaim

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