Syndicate Bank Visakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Visakhapatnam Visakhapatnam Andhra Pradesh

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mid Corporate Br Visakhapatnam
Contact 2470026
Bank Details Syndicate Bank Mid Corporate Br Visakhapatnam SYNB0003844
Location Visakhapatnam, Visakhapatnam
City Visakhapatnam
District Visakhapatnam
State Andhra Pradesh
Pincode 530020
Country IN
Address Dr no 30 15 141,pavan cmrcl cmplx,1st fl,main road daba gardens visakhapatnam 530020
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 Mid Corporate Br Visakhapatnam 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, Mid Corporate Br Visakhapatnam branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Mid Corporate Br Visakhapatnam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Mid Corporate Br Visakhapatnam

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 Mid Corporate Br Visakhapatnam 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 Mid Corporate Br Visakhapatnam branch. MICR code for Mid Corporate Br Visakhapatnam 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 Mid Corporate Br Visakhapatnam is presented in the table alongside.

Use of Syndicate Bank MICR code for Mid Corporate Br Visakhapatnam branch in visakhapatnam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mid Corporate Br Visakhapatnam 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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