Syndicate Bank Mathura Mathura Uttar Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Mathura Mathura Uttar Pradesh

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mathura Maholi Road
Contact
Bank Details Syndicate Bank Mathura Maholi Road SYNB0008862
Location Mathura, Mathura
City Mathura
District Mathura
State Uttar Pradesh
Pincode 281001
Country IN
Address Plot no. C.57 & 58,'gauri plaza' maholi road,mathura,,mathura,uttar pradesh,281 001
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 0 for Mathura Maholi Road 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 0 of Syndicate Bank, Mathura Maholi Road branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Mathura Maholi Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Mathura Maholi Road

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 Mathura Maholi Road 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. 0 is the MICR code of Syndicate Bank for Mathura Maholi Road branch. MICR code for Mathura Maholi Road 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 Mathura Maholi Road is presented in the table alongside.

Use of Syndicate Bank MICR code for Mathura Maholi Road branch in mathura

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mathura Maholi Road 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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