Syndicate Bank Mysore Mysore Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Mysore Mysore Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch R O Mysore
Contact
Bank Details Syndicate Bank R O Mysore SYNB0001710
Location Mysore, Mysore
City Mysore
District Mysore
State Karnataka
Pincode 570023
Country IN
Address 1017, yajamana arcade, panchamantra road, kuvempunagar, mysore pin- 570 023
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 570025999 for R O Mysore 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 570025999 of Syndicate Bank, R O Mysore branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for R O Mysore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank R O Mysore

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 Mysore 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. 570025999 is the MICR code of Syndicate Bank for R O Mysore branch. MICR code for R O Mysore 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 Mysore is presented in the table alongside.

Use of Syndicate Bank MICR code for R O Mysore branch in mysore

The MICR code 570025999 is used in RBI cheque clearing process to identify the branch R O Mysore 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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