MICR Code Bank
Find MICR code for Syndicate Bank branches in India for NEFT and RTGS transfer

Syndicate Bank MICR CODE

Find MICR Codes for Syndicate Bank

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  1. Syndicate Bank »
  2. Maharashtra »
  3. pune »
  4. pune »
  5. pune karve nagar

Find MICR Codes for Syndicate Bank

MICR Code: 411025013
Bank: Syndicate Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Pune Karve Nagar
Contact:
Bank Details: Syndicate Bank Pune Karve Nagar SYNB0005339
Location: Pune, Pune
City: Pune
District: Pune
State: Maharashtra
Pincode: 411052
Country: IN
Address: S no 11/2 lane no 1, vardhaman nagari river road, shahu colony, karve nagar, pune, pune, maharashtra, 411 052

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

MICR code for Syndicate Bank

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

Use of Syndicate Bank MICR code for branch in pune

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