Syndicate Bank Peddavulagallu Prakasham Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Peddavulagallu Prakasham Andhra Pradesh

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MICR Code	523025995
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Peddavulagallu
Contact
Bank Details	Syndicate Bank Peddavulagallu SYNB0003648

Location	Peddavulagallu, Prakasham
City	Peddavulagallu
District	Prakasham
State	Andhra Pradesh
Pincode	523247
Country	IN
Address	Darsi mandal,prakasham dist,peddavulagallu,andhra pradesh-523247

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 523025995 for Peddavulagallu 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 523025995 of Syndicate Bank, Peddavulagallu branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Peddavulagallu 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 -

>>Peddavulagallu

MICR code for Syndicate Bank Peddavulagallu

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 Peddavulagallu 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. 523025995 is the MICR code of Syndicate Bank for Peddavulagallu branch. MICR code for Peddavulagallu 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 Peddavulagallu is presented in the table alongside.

Use of Syndicate Bank MICR code for Peddavulagallu branch in peddavulagallu

The MICR code 523025995 is used in RBI cheque clearing process to identify the branch Peddavulagallu 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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