Syndicate Bank Bangalore Bangalore Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Bangalore Bangalore Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch M G Road Bangalore
Contact 9449860076
Bank Details Syndicate Bank M G Road Bangalore SYNB0000669
Location Bangalore, Bangalore
City Bangalore
District Bangalore
State Karnataka
Pincode 560042
Country IN
Address 2nd floor, manipal tower (north wing) dickenson road bangalore 560042
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 560025073 for M G Road Bangalore 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 560025073 of Syndicate Bank, M G Road Bangalore branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for M G Road Bangalore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank M G Road Bangalore

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 M G Road Bangalore 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. 560025073 is the MICR code of Syndicate Bank for M G Road Bangalore branch. MICR code for M G Road Bangalore 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 M G Road Bangalore is presented in the table alongside.

Use of Syndicate Bank MICR code for M G Road Bangalore branch in bangalore

The MICR code 560025073 is used in RBI cheque clearing process to identify the branch M G Road Bangalore 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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