Syndicate Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch R I Hyderabad
Contact
Bank Details Syndicate Bank R I Hyderabad SYNB0003001
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500003
Country IN
Address 1st floor, varalaxmi complex, m g road, secunderabad 500 003
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 500025999 for R I Hyderabad 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 500025999 of Syndicate Bank, R I Hyderabad branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for R I Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank R I Hyderabad

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 R I Hyderabad 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. 500025999 is the MICR code of Syndicate Bank for R I Hyderabad branch. MICR code for R I Hyderabad 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 R I Hyderabad is presented in the table alongside.

Use of Syndicate Bank MICR code for R I Hyderabad branch in hyderabad

The MICR code 500025999 is used in RBI cheque clearing process to identify the branch R I Hyderabad 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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