Syndicate Bank Humanabad Bidar Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Humanabad Bidar Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Humanabad
Contact 8483-270111
Bank Details Syndicate Bank Humanabad SYNB0000705
Location Humanabad, Bidar
City Humanabad
District Bidar
State Karnataka
Pincode 585330
Country IN
Address Asian plaza, ground floorstate highway 17,(gulbarga rd)near gada petrol pumphumnabadpin-585 330
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 585025404 for Humanabad 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 585025404 of Syndicate Bank, Humanabad branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Humanabad 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 -

>>Humanabad

MICR code for Syndicate Bank Humanabad

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 Humanabad 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. 585025404 is the MICR code of Syndicate Bank for Humanabad branch. MICR code for Humanabad 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 Humanabad is presented in the table alongside.

Use of Syndicate Bank MICR code for Humanabad branch in humanabad

The MICR code 585025404 is used in RBI cheque clearing process to identify the branch Humanabad 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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