Syndicate Bank Mogilpet Karimnagar Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Mogilpet Karimnagar Andhra Pradesh

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MICR Code	505025103
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mogilpet
Contact	08725-0
Bank Details	Syndicate Bank Mogilpet SYNB0003302

Location	Mogilpet, Karimnagar
City	Mogilpet
District	Karimnagar
State	Andhra Pradesh
Pincode	505458
Country	IN
Address	Mogilpetmallapur mandalmetpalli talukpin-505 458

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 505025103 for Mogilpet 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 505025103 of Syndicate Bank, Mogilpet branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Mogilpet 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 -

>>Mogilpet

MICR code for Syndicate Bank Mogilpet

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 Mogilpet 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. 505025103 is the MICR code of Syndicate Bank for Mogilpet branch. MICR code for Mogilpet 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 Mogilpet is presented in the table alongside.

Use of Syndicate Bank MICR code for Mogilpet branch in mogilpet

The MICR code 505025103 is used in RBI cheque clearing process to identify the branch Mogilpet 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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