Syndicate Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Indore Indore Madhya Pradesh

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MICR Code	452025002
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 Rajwada Chowk (Main)
Contact
Bank Details	Syndicate Bank Indore Rajwada Chowk (Main) SYNB0007800

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452004
Country	IN
Address	29/30, shiv vilas palace,,rajwada chowk,,indore,,indore,madhya pradesh,452 004

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 452025002 for Indore Rajwada Chowk (Main) 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 452025002 of Syndicate Bank, Indore Rajwada Chowk (Main) branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Indore Rajwada Chowk (Main) 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 Rajwada Chowk (Main)

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 Rajwada Chowk (Main) 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. 452025002 is the MICR code of Syndicate Bank for Indore Rajwada Chowk (Main) branch. MICR code for Indore Rajwada Chowk (Main) 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 Rajwada Chowk (Main) is presented in the table alongside.

Use of Syndicate Bank MICR code for Indore Rajwada Chowk (Main) branch in indore

The MICR code 452025002 is used in RBI cheque clearing process to identify the branch Indore Rajwada Chowk (Main) 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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