Syndicate Bank Loni Pune Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Loni Pune Maharashtra

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	410025402
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Loni
Contact	02133-262148
Bank Details	Syndicate Bank Loni SYNB0005336

Location	Loni, Pune
City	Loni
District	Pune
State	Maharashtra
Pincode	410510
Country	IN
Address	At post loni (dhamani)taluka ambegaonpin-410 510

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 410025402 for Loni 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 410025402 of Syndicate Bank, Loni branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Loni 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 -

>>Loni

MICR code for Syndicate Bank Loni

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 Loni 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. 410025402 is the MICR code of Syndicate Bank for Loni branch. MICR code for Loni 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 Loni is presented in the table alongside.

Use of Syndicate Bank MICR code for Loni branch in loni

The MICR code 410025402 is used in RBI cheque clearing process to identify the branch Loni 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!