Syndicate Bank New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Syndicate Bank New Delhi New Delhi New Delhi

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rah Delhi Rajindra Place
Contact 11-25711267
Bank Details Syndicate Bank Rah Delhi Rajindra Place SYNB0009278
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110060
Country IN
Address 1 - 1a, old rajindra nagar, new delhi 110060
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 Delhi Rajindra Place 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 Delhi Rajindra Place branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Rah Delhi Rajindra Place branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Rah Delhi Rajindra Place

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 Delhi Rajindra Place 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 Delhi Rajindra Place branch. MICR code for Rah Delhi Rajindra Place 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 Delhi Rajindra Place is presented in the table alongside.

Use of Syndicate Bank MICR code for Rah Delhi Rajindra Place branch in new delhi

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