Syndicate Bank Kamareddy Nizamabad Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Kamareddy Nizamabad Andhra Pradesh

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kamareddy
Contact
Bank Details Syndicate Bank Kamareddy SYNB0003520
Location Kamareddy, Nizamabad
City Kamareddy
District Nizamabad
State Andhra Pradesh
Pincode 503111
Country IN
Address Gunji road,kamareddy,kamareddy mandal,,nizamabad,andhra pradesh,503 111
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 Kamareddy 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, Kamareddy branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Kamareddy branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Syndicate Bank are available with micr code -

>>Kamareddy

MICR code for Syndicate Bank Kamareddy

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 Kamareddy 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 Kamareddy branch. MICR code for Kamareddy 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 Kamareddy is presented in the table alongside.

Use of Syndicate Bank MICR code for Kamareddy branch in kamareddy

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kamareddy 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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