Syndicate Bank Medchal Ranga Reddy Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Medchal Ranga Reddy Andhra Pradesh

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MICR Code	500025062
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Medchal
Contact
Bank Details	Syndicate Bank Medchal SYNB0003084

Location	Medchal, Ranga Reddy
City	Medchal
District	Ranga Reddy
State	Andhra Pradesh
Pincode	501401
Country	IN
Address	13-92 near police station, nh 7 main road, medchal, , rangareddy, andhra pradesh, 501 401

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 500025062 for Medchal 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 500025062 of Syndicate Bank, Medchal branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Medchal 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 -

>>Medchal

MICR code for Syndicate Bank Medchal

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 Medchal 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. 500025062 is the MICR code of Syndicate Bank for Medchal branch. MICR code for Medchal 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 Medchal is presented in the table alongside.

Use of Syndicate Bank MICR code for Medchal branch in medchal

The MICR code 500025062 is used in RBI cheque clearing process to identify the branch Medchal 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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