Syndicate Bank Palson Mathura Uttar Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Palson Mathura Uttar Pradesh

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palson
Contact 0565-2816753
Bank Details Syndicate Bank Palson SYNB0008541
Location Palson, Mathura
City Palson
District Mathura
State Uttar Pradesh
Pincode 281502
Country IN
Address Vill:palsonpo:palsonpin-281 502
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 281025503 for Palson 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 281025503 of Syndicate Bank, Palson branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Palson branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Palson

MICR code for Syndicate Bank Palson

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 Palson 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. 281025503 is the MICR code of Syndicate Bank for Palson branch. MICR code for Palson 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 Palson is presented in the table alongside.

Use of Syndicate Bank MICR code for Palson branch in palson

The MICR code 281025503 is used in RBI cheque clearing process to identify the branch Palson 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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