Syndicate Bank Savanur Hubli Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Savanur Hubli Karnataka

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MICR Code	581025996
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Savanur (Hubli)
Contact
Bank Details	Syndicate Bank Savanur (Hubli) SYNB0001274

Location	Savanur, Hubli
City	Savanur
District	Hubli
State	Karnataka
Pincode	581118
Country	IN
Address	Old bus stand road, near siddalingeswar talkies, haveri, savanur, karnataka-581118

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 581025996 for Savanur (Hubli) 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 581025996 of Syndicate Bank, Savanur (Hubli) branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Savanur (Hubli) 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 -

>>Savanur (Hubli)

MICR code for Syndicate Bank Savanur (Hubli)

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 Savanur (Hubli) 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. 581025996 is the MICR code of Syndicate Bank for Savanur (Hubli) branch. MICR code for Savanur (Hubli) 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 Savanur (Hubli) is presented in the table alongside.

Use of Syndicate Bank MICR code for Savanur (Hubli) branch in savanur

The MICR code 581025996 is used in RBI cheque clearing process to identify the branch Savanur (Hubli) 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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