Syndicate Bank Raisen Raisen Madhya Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Raisen Raisen Madhya Pradesh

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State
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MICR Code	-NA-
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Raisen
Contact
Bank Details	Syndicate Bank Raisen SYNB0007860

Location	Raisen, Raisen
City	Raisen
District	Raisen
State	Madhya Pradesh
Pincode	464551
Country	IN
Address	House no 92,sagar road, near hp petrol pump tehsil and dist. Raisen 464551

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 Raisen 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, Raisen branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Raisen 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 -

>>Raisen

MICR code for Syndicate Bank Raisen

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 Raisen 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 Raisen branch. MICR code for Raisen 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 Raisen is presented in the table alongside.

Use of Syndicate Bank MICR code for Raisen branch in raisen

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