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 Law College Square
Contact
Bank Details Syndicate Bank Nagpur Law College Square SYNB0005250
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440010
Country IN
Address Ulhas bhavan,law college square,p.b.no 261,amaravati road nagpur pin-440 010
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 440025003 for Nagpur Law College Square 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 440025003 of Syndicate Bank, Nagpur Law College Square branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Nagpur Law College Square branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Nagpur Law College Square

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 Law College Square 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. 440025003 is the MICR code of Syndicate Bank for Nagpur Law College Square branch. MICR code for Nagpur Law College Square 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 Law College Square is presented in the table alongside.

Use of Syndicate Bank MICR code for Nagpur Law College Square branch in nagpur

The MICR code 440025003 is used in RBI cheque clearing process to identify the branch Nagpur Law College Square 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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