Syndicate Bank Gadag Betageri Hubli Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Gadag Betageri Hubli Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gadag Betageri
Contact
Bank Details Syndicate Bank Gadag Betageri SYNB0001261
Location Gadag Betageri, Hubli
City Gadag Betageri
District Hubli
State Karnataka
Pincode 582102
Country IN
Address Smt m i k kalyan mantap, ambabhavani templ, gadag dist, gadag-betageri, karnataka, 582102, india
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 Gadag Betageri 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, Gadag Betageri branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Gadag Betageri 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 -

>>Gadag Betageri

MICR code for Syndicate Bank Gadag Betageri

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 Gadag Betageri 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 Gadag Betageri branch. MICR code for Gadag Betageri 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 Gadag Betageri is presented in the table alongside.

Use of Syndicate Bank MICR code for Gadag Betageri branch in gadag betageri

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