Syndicate Bank Rangaon Thane Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Rangaon Thane Maharashtra

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MICR Code	401025999
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rangaon
Contact
Bank Details	Syndicate Bank Rangaon SYNB0005488

Location	Rangaon, Thane
City	Rangaon
District	Thane
State	Maharashtra
Pincode	401201
Country	IN
Address	H no 8 near hanuman temple,rangaon tehsil post vasai dist thane,rangaon-401201

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 401025999 for Rangaon 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 401025999 of Syndicate Bank, Rangaon branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Rangaon 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 -

>>Rangaon

MICR code for Syndicate Bank Rangaon

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 Rangaon 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. 401025999 is the MICR code of Syndicate Bank for Rangaon branch. MICR code for Rangaon 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 Rangaon is presented in the table alongside.

Use of Syndicate Bank MICR code for Rangaon branch in rangaon

The MICR code 401025999 is used in RBI cheque clearing process to identify the branch Rangaon 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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