Syndicate Bank Hosakote Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Hosakote Bangalore Urban Karnataka

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MICR Code	560025099
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hosakote
Contact	080-27931719
Bank Details	Syndicate Bank Hosakote SYNB0000660

Location	Hosakote, Bangalore Urban
City	Hosakote
District	Bangalore Urban
State	Karnataka
Pincode	562114
Country	IN
Address	Ward no 6, cauvery complex, college main rd, m v extension, hosakote - 562114

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 560025099 for Hosakote 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 560025099 of Syndicate Bank, Hosakote branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Hosakote 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 -

>>Hosakote

MICR code for Syndicate Bank Hosakote

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 Hosakote 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. 560025099 is the MICR code of Syndicate Bank for Hosakote branch. MICR code for Hosakote 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 Hosakote is presented in the table alongside.

Use of Syndicate Bank MICR code for Hosakote branch in hosakote

The MICR code 560025099 is used in RBI cheque clearing process to identify the branch Hosakote 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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