Syndicate Bank Cuddalore Cuddalore Tamil Nadu MICR CODE

Find MICR Codes for Syndicate Bank Cuddalore Cuddalore Tamil Nadu

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Neyveli Town
Contact
Bank Details Syndicate Bank Neyveli Town SYNB0006321
Location Cuddalore, Cuddalore
City Cuddalore
District Cuddalore
State Tamil Nadu
Pincode 607801
Country IN
Address Unit 2 bay nos 3&4 shopping,complex block 8,neyveli - 1,panrutti tk,cuddalore,tamilnadu,607 801
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 0 for Neyveli Town 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 0 of Syndicate Bank, Neyveli Town branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Neyveli Town branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Syndicate Bank are available with micr code -

>>Cuddalore New Town >>Neyveli Town

MICR code for Syndicate Bank Neyveli Town

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 Neyveli Town 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. 0 is the MICR code of Syndicate Bank for Neyveli Town branch. MICR code for Neyveli Town 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 Neyveli Town is presented in the table alongside.

Use of Syndicate Bank MICR code for Neyveli Town branch in cuddalore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Neyveli Town 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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