Syndicate Bank Bagalkot Dist Bagalkot Dist Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Bagalkot Dist Bagalkot Dist Karnataka

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MICR Code	587025507
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hooligeri
Contact	9916770635
Bank Details	Syndicate Bank Hooligeri SYNB0000869

Location	Bagalkot Dist, Bagalkot Dist
City	Bagalkot Dist
District	Bagalkot Dist
State	Karnataka
Pincode	587201
Country	IN
Address	Gram panchayt buliding at hoolgeri tq badami bagalkot dist karnataka 587201 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 587025507 for Hooligeri 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 587025507 of Syndicate Bank, Hooligeri branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Hooligeri 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 -

>>Hooligeri

MICR code for Syndicate Bank Hooligeri

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 Hooligeri 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. 587025507 is the MICR code of Syndicate Bank for Hooligeri branch. MICR code for Hooligeri 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 Hooligeri is presented in the table alongside.

Use of Syndicate Bank MICR code for Hooligeri branch in bagalkot dist

The MICR code 587025507 is used in RBI cheque clearing process to identify the branch Hooligeri 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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