Syndicate Bank Vijayapur Vijayapur Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Vijayapur Vijayapur Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rah Bijapur
Contact 0-9449860777
Bank Details Syndicate Bank Rah Bijapur SYNB0002297
Location Vijayapur, Vijayapur
City Vijayapur
District Vijayapur
State Karnataka
Pincode
Country IN
Address Canara bank regional office,2nd floor,ward no 36,near managuli bypass road,trimurthy nagar,vijayapur
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 0 for Rah Bijapur 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 0 of Syndicate Bank, Rah Bijapur branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Rah Bijapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Syndicate Bank are available with micr code -

>>Rah Bijapur

MICR code for Syndicate Bank Rah Bijapur

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 Rah Bijapur 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. 0 is the MICR code of Syndicate Bank for Rah Bijapur branch. MICR code for Rah Bijapur 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 Rah Bijapur is presented in the table alongside.

Use of Syndicate Bank MICR code for Rah Bijapur branch in vijayapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rah Bijapur 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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