Syndicate Bank Kolhapur Dist Kolhapur Dist Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Kolhapur Dist Kolhapur Dist Maharashtra

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MICR Code	416025506
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Majale
Contact	24337949
Bank Details	Syndicate Bank Majale SYNB0005234

Location	Kolhapur Dist, Kolhapur Dist
City	Kolhapur Dist
District	Kolhapur Dist
State	Maharashtra
Pincode	416109
Country	IN
Address	C/o dada babgonda patil majale vill and post hatkanangle tq kolhapur dist maharashtra 416109

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 416025506 for Majale 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 416025506 of Syndicate Bank, Majale branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Majale 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 -

>>Majale

MICR code for Syndicate Bank Majale

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 Majale 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. 416025506 is the MICR code of Syndicate Bank for Majale branch. MICR code for Majale 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 Majale is presented in the table alongside.

Use of Syndicate Bank MICR code for Majale branch in kolhapur dist

The MICR code 416025506 is used in RBI cheque clearing process to identify the branch Majale 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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