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Find MICR code for Syndicate Bank Mathura Shanti Market branches in India for NEFT and RTGS transfer

Syndicate Bank Mathura Shanti Market MICR CODE

Find MICR Codes for Syndicate Bank Mathura Shanti Market

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  1. Syndicate Bank »
  2. Uttar Pradesh »
  3. mathura »
  4. mathura »
  5. mathura shanti market (main)

Find MICR Codes for Syndicate Bank Mathura Shanti Market

MICR Code: -NA-
Bank: Syndicate Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mathura Shanti Market (Main)
Contact:
Bank Details: Syndicate Bank Mathura Shanti Market (Main) SYNB0008520
Location: Mathura, Mathura
City: Mathura
District: Mathura
State: Uttar Pradesh
Pincode: 281001
Country: IN
Address: 1184-tilak dwar,holi gate,mathura,,mathura,uttar pradesh,281 001

How does MICR code for mathura shanti market 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 of Syndicate Bank, mathura shanti market branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for mathura shanti market branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank mathura shanti market

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 shanti market 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. is the MICR code of Syndicate Bank for mathura shanti market branch. MICR code for mathura shanti market 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 shanti market is presented in the table alongside.

Use of Syndicate Bank MICR code for mathura shanti market branch in mathura

The MICR code is used in RBI cheque clearing process to identify the branch mathura shanti market 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.