Syndicate Bank Bagalkot Bagalkote Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Bagalkot Bagalkote Karnataka

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MICR Code	587025506
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	S R Circle Mudhol
Contact	2267888
Bank Details	Syndicate Bank S R Circle Mudhol SYNB0000874

Location	Bagalkot, Bagalkote
City	Bagalkot
District	Bagalkote
State	Karnataka
Pincode	587313
Country	IN
Address	B v talati chambers ward no 5 sangalli rayanna circle mudhol dist bagalkot karnataka 587313

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 587025506 for S R Circle Mudhol 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 587025506 of Syndicate Bank, S R Circle Mudhol branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for S R Circle Mudhol branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Syndicate Bank are available with micr code -

>>Mahalingapur >>S R Circle Mudhol >>Tungal Branch

MICR code for Syndicate Bank S R Circle Mudhol

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 S R Circle Mudhol 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. 587025506 is the MICR code of Syndicate Bank for S R Circle Mudhol branch. MICR code for S R Circle Mudhol 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 S R Circle Mudhol is presented in the table alongside.

Use of Syndicate Bank MICR code for S R Circle Mudhol branch in bagalkot

The MICR code 587025506 is used in RBI cheque clearing process to identify the branch S R Circle Mudhol 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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