Syndicate Bank Rupnagar Rupnagar Punjab MICR CODE

Find MICR Codes for Syndicate Bank Rupnagar Rupnagar Punjab

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State
District
City
Branch
Address

MICR Code	160025003
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mohali Ssi Branch
Contact
Bank Details	Syndicate Bank Mohali Ssi Branch SYNB0008171

Location	Rupnagar, Rupnagar
City	Rupnagar
District	Rupnagar
State	Punjab
Pincode	160062
Country	IN
Address	Scf 34 gf phase - x,mohali,,,rupnagar,punjab,160 062

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 160025003 for Mohali Ssi Branch 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 160025003 of Syndicate Bank, Mohali Ssi Branch branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Mohali Ssi Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Syndicate Bank are available with micr code -

>>Mohali Ssi Branch >>Nangal >>Rupnagar

MICR code for Syndicate Bank Mohali Ssi Branch

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 Mohali Ssi Branch 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. 160025003 is the MICR code of Syndicate Bank for Mohali Ssi Branch branch. MICR code for Mohali Ssi Branch 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 Mohali Ssi Branch is presented in the table alongside.

Use of Syndicate Bank MICR code for Mohali Ssi Branch branch in rupnagar

The MICR code 160025003 is used in RBI cheque clearing process to identify the branch Mohali Ssi Branch 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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