Syndicate Bank Bangalore Bangalore Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Bangalore Bangalore Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Insurance Dvn Blr
Contact
Bank Details Syndicate Bank Insurance Dvn Blr SYNB0002931
Location Bangalore, Bangalore
City Bangalore
District Bangalore
State Karnataka
Pincode 560011
Country IN
Address No 69 1st floor 9th main 3rd block jayanagar bangalore 560011
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 560025989 for Insurance Dvn Blr 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 560025989 of Syndicate Bank, Insurance Dvn Blr branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Insurance Dvn Blr branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Insurance Dvn Blr

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 Insurance Dvn Blr 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. 560025989 is the MICR code of Syndicate Bank for Insurance Dvn Blr branch. MICR code for Insurance Dvn Blr 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 Insurance Dvn Blr is presented in the table alongside.

Use of Syndicate Bank MICR code for Insurance Dvn Blr branch in bangalore

The MICR code 560025989 is used in RBI cheque clearing process to identify the branch Insurance Dvn Blr 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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