Syndicate Bank Krishnaraja Nagar Mysore Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Krishnaraja Nagar Mysore Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Krishnaraja Nagar
Contact
Bank Details Syndicate Bank Krishnaraja Nagar SYNB0001734
Location Krishnaraja Nagar, Mysore
City Krishnaraja Nagar
District Mysore
State Karnataka
Pincode 571602
Country IN
Address S v s complex, gr floor, c m road, mysore dist, krishnaraja nagar, karnataka, 571602, india
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 Krishnaraja Nagar 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, Krishnaraja Nagar branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Krishnaraja Nagar 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 -

>>Krishnaraja Nagar

MICR code for Syndicate Bank Krishnaraja Nagar

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 Krishnaraja Nagar 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 Krishnaraja Nagar branch. MICR code for Krishnaraja Nagar 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 Krishnaraja Nagar is presented in the table alongside.

Use of Syndicate Bank MICR code for Krishnaraja Nagar branch in krishnaraja nagar

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