Syndicate Bank Nagpur Dist Nagpur Dist Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Nagpur Dist Nagpur Dist Maharashtra

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hingna Road
Contact
Bank Details Syndicate Bank Hingna Road SYNB0005269
Location Nagpur Dist, Nagpur Dist
City Nagpur Dist
District Nagpur Dist
State Maharashtra
Pincode 441110
Country IN
Address Plot no 12/1 rajendra nagar near bombaywala restaurant hingna road nagpur dist maharashtra 441110 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 Hingna Road 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, Hingna Road branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Hingna Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Syndicate Bank are available with micr code -

>>Bokhara >>Hingna Road

MICR code for Syndicate Bank Hingna Road

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 Hingna Road 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 Hingna Road branch. MICR code for Hingna Road 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 Hingna Road is presented in the table alongside.

Use of Syndicate Bank MICR code for Hingna Road branch in nagpur dist

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