Syndicate Bank Faridabad Faridabad Haryana MICR CODE

Find MICR Codes for Syndicate Bank Faridabad Faridabad Haryana

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Faridabad Charmwood
Contact
Bank Details Syndicate Bank Faridabad Charmwood SYNB0009254
Location Faridabad, Faridabad
City Faridabad
District Faridabad
State Haryana
Pincode 121009
Country IN
Address Shop no ug-24, charmwood plaza eros garden,surajkund road faridabad, haryana 121009
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 Faridabad Charmwood 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, Faridabad Charmwood branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Faridabad Charmwood branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Faridabad Charmwood

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 Faridabad Charmwood 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 Faridabad Charmwood branch. MICR code for Faridabad Charmwood 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 Faridabad Charmwood is presented in the table alongside.

Use of Syndicate Bank MICR code for Faridabad Charmwood branch in faridabad

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