Syndicate Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code	500025011
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hyderabad Basheer Bagh
Contact
Bank Details	Syndicate Bank Hyderabad Basheer Bagh SYNB0003004

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500029
Country	IN
Address	Door no 5-9-57/1, basheerbagh, hyderabad, , hyderabad, andhra pradesh, 500 029

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 500025011 for Hyderabad Basheer Bagh 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 500025011 of Syndicate Bank, Hyderabad Basheer Bagh branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Hyderabad Basheer Bagh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 38 branches of Syndicate Bank are available with micr code -

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MICR code for Syndicate Bank Hyderabad Basheer Bagh

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 Hyderabad Basheer Bagh 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. 500025011 is the MICR code of Syndicate Bank for Hyderabad Basheer Bagh branch. MICR code for Hyderabad Basheer Bagh 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 Hyderabad Basheer Bagh is presented in the table alongside.

Use of Syndicate Bank MICR code for Hyderabad Basheer Bagh branch in hyderabad

The MICR code 500025011 is used in RBI cheque clearing process to identify the branch Hyderabad Basheer Bagh 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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