Syndicate Bank Macasana South Goa Goa MICR CODE

Find MICR Codes for Syndicate Bank Macasana South Goa Goa

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MICR Code	403025016
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Macasana
Contact	0832-2786106
Bank Details	Syndicate Bank Macasana SYNB0007217

Location	Macasana, South Goa
City	Macasana
District	South Goa
State	Goa
Pincode	403709
Country	IN
Address	Panchayat ghar buildingmacasana goavia curtorim salcete talukpin-403 709

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 403025016 for Macasana 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 403025016 of Syndicate Bank, Macasana branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Macasana 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 -

>>Macasana

MICR code for Syndicate Bank Macasana

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 Macasana 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. 403025016 is the MICR code of Syndicate Bank for Macasana branch. MICR code for Macasana 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 Macasana is presented in the table alongside.

Use of Syndicate Bank MICR code for Macasana branch in macasana

The MICR code 403025016 is used in RBI cheque clearing process to identify the branch Macasana 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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