Syndicate Bank Kaveli Medak Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Kaveli Medak Andhra Pradesh

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	502025108
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kaveli
Contact	08451-287534
Bank Details	Syndicate Bank Kaveli SYNB0003406

Location	Kaveli, Medak
City	Kaveli
District	Medak
State	Andhra Pradesh
Pincode	502321
Country	IN
Address	Kavelip o digwalkohir mandalpin-502 321

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 502025108 for Kaveli 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 502025108 of Syndicate Bank, Kaveli branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Kaveli 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 -

>>Kaveli

MICR code for Syndicate Bank Kaveli

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 Kaveli 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. 502025108 is the MICR code of Syndicate Bank for Kaveli branch. MICR code for Kaveli 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 Kaveli is presented in the table alongside.

Use of Syndicate Bank MICR code for Kaveli branch in kaveli

The MICR code 502025108 is used in RBI cheque clearing process to identify the branch Kaveli 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.

Copied!