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 O Hyderabad City
Contact
Bank Details Syndicate Bank R O Hyderabad City SYNB0003053
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500004
Country IN
Address 6-2-915, ii floor, west block, hmws&sb building, khairatabad, hyderabad 500 004
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 500025002 for R O Hyderabad City 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 500025002 of Syndicate Bank, R O Hyderabad City branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for R O Hyderabad City branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank R O Hyderabad City

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 O Hyderabad City 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. 500025002 is the MICR code of Syndicate Bank for R O Hyderabad City branch. MICR code for R O Hyderabad City 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 O Hyderabad City is presented in the table alongside.

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

The MICR code 500025002 is used in RBI cheque clearing process to identify the branch R O Hyderabad City 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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