Syndicate Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Indore Indore Madhya Pradesh

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MICR Code	452025004
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Indore Nanda Nagar
Contact
Bank Details	Syndicate Bank Indore Nanda Nagar SYNB0007801

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452011
Country	IN
Address	31-1 nanda nagar,main road indore,,,indore,madhya pradesh,452 011

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 452025004 for Indore Nanda Nagar 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 452025004 of Syndicate Bank, Indore Nanda Nagar branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Indore Nanda Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Syndicate Bank are available with micr code -

>>Indore Annapoorna Road >>Indore Kannadia Road >>Indore Manvinagar >>Indore Nanda Nagar >>Indore Rajwada Chowk (Main) >>Mid Corporate Branch Indore

MICR code for Syndicate Bank Indore Nanda Nagar

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 Indore Nanda Nagar 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. 452025004 is the MICR code of Syndicate Bank for Indore Nanda Nagar branch. MICR code for Indore Nanda Nagar 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 Indore Nanda Nagar is presented in the table alongside.

Use of Syndicate Bank MICR code for Indore Nanda Nagar branch in indore

The MICR code 452025004 is used in RBI cheque clearing process to identify the branch Indore Nanda Nagar 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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