Syndicate Bank Nasik Nashik Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Nasik Nashik Maharashtra

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jehan Circle Nasik
Contact 24324845
Bank Details Syndicate Bank Jehan Circle Nasik SYNB0005292
Location Nasik, Nashik
City Nasik
District Nashik
State Maharashtra
Pincode 422013
Country IN
Address S no 712 1 3,layout 453,plot no 1 tri star complex,shop no 2 jehan circle,gangapur road nasik maharashtra india 422001
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 0 for Jehan Circle Nasik 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 0 of Syndicate Bank, Jehan Circle Nasik branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Jehan Circle Nasik branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Syndicate Bank are available with micr code -

>>Jehan Circle Nasik >>Malegaon

MICR code for Syndicate Bank Jehan Circle Nasik

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 Jehan Circle Nasik 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. 0 is the MICR code of Syndicate Bank for Jehan Circle Nasik branch. MICR code for Jehan Circle Nasik 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 Jehan Circle Nasik is presented in the table alongside.

Use of Syndicate Bank MICR code for Jehan Circle Nasik branch in nasik

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jehan Circle Nasik 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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