MICR Code Bank
Find MICR code for Syndicate Bank Nagpur Gandhibagh branches in India for NEFT and RTGS transfer

Syndicate Bank Nagpur Gandhibagh MICR CODE

Find MICR Codes for Syndicate Bank Nagpur Gandhibagh

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  5. nagpur gandhibagh (main)

Find MICR Codes for Syndicate Bank Nagpur Gandhibagh

MICR Code: 440025002
Bank: Syndicate Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Nagpur Gandhibagh (Main)
Contact:
Bank Details: Syndicate Bank Nagpur Gandhibagh (Main) SYNB0005251
Location: Nagpur, Nagpur
City: Nagpur
District: Nagpur
State: Maharashtra
Pincode: 440018
Country: IN
Address: Sarda kunj,84 central avenue road,sewasadan chowk gandhibagh,p.b.no 368 nagpur,nagpur,maharashtra,440 018

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

MICR code for Syndicate Bank nagpur gandhibagh

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 nagpur gandhibagh 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 nagpur gandhibagh branch. MICR code for nagpur gandhibagh 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 nagpur gandhibagh is presented in the table alongside.

Use of Syndicate Bank MICR code for nagpur gandhibagh branch in nagpur

The MICR code is used in RBI cheque clearing process to identify the branch nagpur gandhibagh 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.