Syndicate Bank Nagasandra Tumkur Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Nagasandra Tumkur Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagasandra
Contact 08132-228028
Bank Details Syndicate Bank Nagasandra SYNB0002004
Location Nagasandra, Tumkur
City Nagasandra
District Tumkur
State Karnataka
Pincode 572134
Country IN
Address Nagasandrapin-572 134
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 572025502 for Nagasandra 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 572025502 of Syndicate Bank, Nagasandra branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Nagasandra 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 -

>>Nagasandra

MICR code for Syndicate Bank Nagasandra

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 Nagasandra 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. 572025502 is the MICR code of Syndicate Bank for Nagasandra branch. MICR code for Nagasandra 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 Nagasandra is presented in the table alongside.

Use of Syndicate Bank MICR code for Nagasandra branch in nagasandra

The MICR code 572025502 is used in RBI cheque clearing process to identify the branch Nagasandra 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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