Syndicate Bank Rangareddy Dist Rangareddy Dist Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Rangareddy Dist Rangareddy Dist Andhra Pradesh

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MICR Code	500025097
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Pragathi Nagar
Contact	8333854294
Bank Details	Syndicate Bank Pragathi Nagar SYNB0003318

Location	Rangareddy Dist, Rangareddy Dist
City	Rangareddy Dist
District	Rangareddy Dist
State	Andhra Pradesh
Pincode	500090
Country	IN
Address	Hno 5/108, plot no 1256, 1259 pragathi nagar, opp jntuh qutubullapur manadal rangareddy dist andhra pradesh 500090

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 500025097 for Pragathi Nagar 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 500025097 of Syndicate Bank, Pragathi Nagar branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Pragathi Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Syndicate Bank are available with micr code -

>>Badangipet >>Balapur Hyderabad >>Bandlaguda >>Kuntloor >>Manneguda >>Meerpet >>Narapally >>Pragathi Nagar

MICR code for Syndicate Bank Pragathi Nagar

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 Pragathi Nagar 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. 500025097 is the MICR code of Syndicate Bank for Pragathi Nagar branch. MICR code for Pragathi Nagar 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 Pragathi Nagar is presented in the table alongside.

Use of Syndicate Bank MICR code for Pragathi Nagar branch in rangareddy dist

The MICR code 500025097 is used in RBI cheque clearing process to identify the branch Pragathi Nagar 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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