Syndicate Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Nagpur Nagpur Maharashtra

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagpur Kingsway
Contact
Bank Details Syndicate Bank Nagpur Kingsway SYNB0005257
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440001
Country IN
Address 327 kamptee road,near bharat talkies,kingsway nagpur,,nagpur,maharashtra,440 001
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 440025006 for Nagpur Kingsway 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 440025006 of Syndicate Bank, Nagpur Kingsway branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Nagpur Kingsway branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Nagpur Kingsway

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 Kingsway 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. 440025006 is the MICR code of Syndicate Bank for Nagpur Kingsway branch. MICR code for Nagpur Kingsway 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 Kingsway is presented in the table alongside.

Use of Syndicate Bank MICR code for Nagpur Kingsway branch in nagpur

The MICR code 440025006 is used in RBI cheque clearing process to identify the branch Nagpur Kingsway 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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