Syndicate Bank New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Syndicate Bank New Delhi New Delhi New Delhi

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Delhi Housing Finance Branch
Contact
Bank Details Syndicate Bank Delhi Housing Finance Branch SYNB0009071
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110060
Country IN
Address 1 & 1a, ii floor,old rajendra nagar market,new delhi,,delhi,delhi,110 060
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 110025129 for Delhi Housing Finance Branch 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 110025129 of Syndicate Bank, Delhi Housing Finance Branch branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Delhi Housing Finance Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Delhi Housing Finance Branch

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 Delhi Housing Finance Branch 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. 110025129 is the MICR code of Syndicate Bank for Delhi Housing Finance Branch branch. MICR code for Delhi Housing Finance Branch 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 Delhi Housing Finance Branch is presented in the table alongside.

Use of Syndicate Bank MICR code for Delhi Housing Finance Branch branch in new delhi

The MICR code 110025129 is used in RBI cheque clearing process to identify the branch Delhi Housing Finance Branch 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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