Syndicate Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Syndicate Bank Panchkula Panchkula Haryana

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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	Retail Asset Hubii
Contact	172-2556380
Bank Details	Syndicate Bank Retail Asset Hubii SYNB0009274

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode
Country	IN
Address	Sco 123 swastik vihar mdc,sector - 5,panchkula

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 Retail Asset Hubii 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, Retail Asset Hubii branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Retail Asset Hubii branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Syndicate Bank are available with micr code -

>>Panchkula Housing Complex >>Panchkula Sector 7 >>Panchkula Swastik Vihar >>Retail Asset Hubii >>Sec Panchkula

MICR code for Syndicate Bank Retail Asset Hubii

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 Retail Asset Hubii 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 Retail Asset Hubii branch. MICR code for Retail Asset Hubii 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 Retail Asset Hubii is presented in the table alongside.

Use of Syndicate Bank MICR code for Retail Asset Hubii branch in panchkula

The MICR code 0 is used in RBI cheque clearing process to identify the branch Retail Asset Hubii 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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