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Find MICR code for Syndicate Bank Mumbai Bhandup branches in India for NEFT and RTGS transfer

Syndicate Bank Mumbai Bhandup MICR CODE

Find MICR Codes for Syndicate Bank Mumbai Bhandup

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  1. Syndicate Bank »
  2. Maharashtra »
  3. greater bombay »
  4. mumbai »
  5. mumbai bhandup (west)

Find MICR Codes for Syndicate Bank Mumbai Bhandup

MICR Code: 400025062
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

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

MICR code for Syndicate Bank mumbai bhandup

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 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. is the MICR code of Syndicate Bank for mumbai bhandup branch. MICR code for mumbai bhandup 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 is presented in the table alongside.

Use of Syndicate Bank MICR code for mumbai bhandup branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch mumbai bhandup 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.