Syndicate Bank Saligrama Udupi Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Saligrama Udupi Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saligrama
Contact
Bank Details Syndicate Bank Saligrama SYNB0000131
Location Saligrama, Udupi
City Saligrama
District Udupi
State Karnataka
Pincode 576225
Country IN
Address P b no 1,main road,saligrama,,udupi dist, pin 576 225
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 Saligrama 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, Saligrama branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Saligrama 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 -

>>Saligrama

MICR code for Syndicate Bank Saligrama

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

Use of Syndicate Bank MICR code for Saligrama branch in saligrama

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