Syndicate Bank Kodad Nalgonda Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Kodad Nalgonda Andhra Pradesh

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MICR Code	508025302
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kodad
Contact	8683253900
Bank Details	Syndicate Bank Kodad SYNB0003445

Location	Kodad, Nalgonda
City	Kodad
District	Nalgonda
State	Andhra Pradesh
Pincode	508206
Country	IN
Address	Plot no 19 to 22, survey no 767 block no 4, bhavani nagar opp govt hospital, kodad 508206

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 508025302 for Kodad 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 508025302 of Syndicate Bank, Kodad branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Kodad 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 -

>>Kodad

MICR code for Syndicate Bank Kodad

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 Kodad 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. 508025302 is the MICR code of Syndicate Bank for Kodad branch. MICR code for Kodad 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 Kodad is presented in the table alongside.

Use of Syndicate Bank MICR code for Kodad branch in kodad

The MICR code 508025302 is used in RBI cheque clearing process to identify the branch Kodad 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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