Syndicate Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Bhandup (West)
Contact
Bank Details Syndicate Bank Mumbai Bhandup (West) SYNB0005059
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400078
Country IN
Address C - wing,shivasagar compound,lala sheth compound,a.k.chowk,,gadav naka, bhandup west,mumbai,brihan mumbai,maharashtra,400 078
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 400025062 for Mumbai Bhandup (West) 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 400025062 of Syndicate Bank, Mumbai Bhandup (West) branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Mumbai Bhandup (West) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Mumbai Bhandup (West)

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 Mumbai Bhandup (West) 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. 400025062 is the MICR code of Syndicate Bank for Mumbai Bhandup (West) branch. MICR code for Mumbai Bhandup (West) 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 Mumbai Bhandup (West) is presented in the table alongside.

Use of Syndicate Bank MICR code for Mumbai Bhandup (West) branch in mumbai

The MICR code 400025062 is used in RBI cheque clearing process to identify the branch Mumbai Bhandup (West) 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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