Syndicate Bank Prakasham Dist Prakasham Dist Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Prakasham Dist Prakasham Dist Andhra Pradesh

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kandukur
Contact
Bank Details Syndicate Bank Kandukur SYNB0003707
Location Prakasham Dist, Prakasham Dist
City Prakasham Dist
District Prakasham Dist
State Andhra Pradesh
Pincode 523105
Country IN
Address Dno 11-1-12, ov road,opp rdo office,kandukur,prakasham dist,andhra pradesh,523105
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 Kandukur 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, Kandukur branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Kandukur 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 -

>>Addanki >>Giddaluru >>Inkollu >>Kandukur >>Mangamur >>Pamuru

MICR code for Syndicate Bank Kandukur

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

Use of Syndicate Bank MICR code for Kandukur branch in prakasham dist

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