Syndicate Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Pune Pune Maharashtra

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pune Aundh
Contact
Bank Details Syndicate Bank Pune Aundh SYNB0005342
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411008
Country IN
Address Bunglow no 3 , shri krupa,bhuvaneshwar scoiety, pashan road,ncl post office,aundh pune,pune,maharashtra,411 008
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 411025014 for Pune Aundh 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 411025014 of Syndicate Bank, Pune Aundh branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Pune Aundh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Pune Aundh

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 Pune Aundh 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. 411025014 is the MICR code of Syndicate Bank for Pune Aundh branch. MICR code for Pune Aundh 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 Pune Aundh is presented in the table alongside.

Use of Syndicate Bank MICR code for Pune Aundh branch in pune

The MICR code 411025014 is used in RBI cheque clearing process to identify the branch Pune Aundh 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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