Syndicate Bank Varanasi Varanasi Uttar Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Varanasi Varanasi Uttar Pradesh

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lanka
Contact 2613686
Bank Details Syndicate Bank Lanka SYNB0009860
Location Varanasi, Varanasi
City Varanasi
District Varanasi
State Uttar Pradesh
Pincode 221005
Country IN
Address Plot no 2 balaji nagar colony lanka samne ghat road varanasi uttar pradesh 221005
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 221025008 for Lanka 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 221025008 of Syndicate Bank, Lanka branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Lanka branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Lanka

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 Lanka 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. 221025008 is the MICR code of Syndicate Bank for Lanka branch. MICR code for Lanka 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 Lanka is presented in the table alongside.

Use of Syndicate Bank MICR code for Lanka branch in varanasi

The MICR code 221025008 is used in RBI cheque clearing process to identify the branch Lanka 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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