Syndicate Bank Palimar Udupi Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Palimar Udupi Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palimar
Contact 0820-2555098
Bank Details Syndicate Bank Palimar SYNB0000129
Location Palimar, Udupi
City Palimar
District Udupi
State Karnataka
Pincode 574112
Country IN
Address Main road,palimar,,,pin-574 112
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.

Search Syndicate Bank MICR Codes in udupi

You can search through MICR Codes of Karnataka branches in palimar of District udupi in Karnataka State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Syndicate Bank are available with micr code -

>>Palimar

How to find MICR codes for Syndicate Bank in palimar?

Syndicate Bank palimar MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Syndicate Bank MICR codes list for palimar, one can further search by branch name specified in the table. You can find MICR codes for all Syndicate Bank palimar branches.

Syndicate Bank MICR code in palimar

Syndicate Bank MICR code is a character recognition technology used by banks in the processing of cheques. Syndicate Bank MICR code for palimar branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Syndicate Bank branches in palimar, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Syndicate Bank MICR code for palimar branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Syndicate Bank palimar branch, sprinted 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. Thus MICR code for Syndicate Bank palimar branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Syndicate Bank MICR codes for palimar branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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