Syndicate Bank Sangli Miraj Kupwad Sangli Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Sangli Miraj Kupwad Sangli Maharashtra

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MICR Code	416025202
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Miraj
Contact
Bank Details	Syndicate Bank Miraj SYNB0005391

Location	Sangli Miraj Kupwad, Sangli
City	Sangli Miraj Kupwad
District	Sangli
State	Maharashtra
Pincode	416410
Country	IN
Address	Near hotel brindavan, station road, miraj., , sangli, maharashtra, 416 410

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 416025202 for Miraj 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 416025202 of Syndicate Bank, Miraj branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Miraj branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Syndicate Bank are available with micr code -

>>Miraj >>Sangli

MICR code for Syndicate Bank Miraj

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 Miraj 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. 416025202 is the MICR code of Syndicate Bank for Miraj branch. MICR code for Miraj 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 Miraj is presented in the table alongside.

Use of Syndicate Bank MICR code for Miraj branch in sangli miraj kupwad

The MICR code 416025202 is used in RBI cheque clearing process to identify the branch Miraj 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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