Syndicate Bank Bantval Dakshin Kannad Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Bantval Dakshin Kannad Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shambur Dk Dist
Contact 55281233
Bank Details Syndicate Bank Shambur Dk Dist SYNB0000294
Location Bantval, Dakshin Kannad
City Bantval
District Dakshin Kannad
State Karnataka
Pincode 574231
Country IN
Address No 4115 2 1 main road shampur d k dist karnataka 574231
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 575025060 for Shambur Dk Dist 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 575025060 of Syndicate Bank, Shambur Dk Dist branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Shambur Dk Dist 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 -

>>Shambur Dk Dist

MICR code for Syndicate Bank Shambur Dk Dist

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 Shambur Dk Dist 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. 575025060 is the MICR code of Syndicate Bank for Shambur Dk Dist branch. MICR code for Shambur Dk Dist 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 Shambur Dk Dist is presented in the table alongside.

Use of Syndicate Bank MICR code for Shambur Dk Dist branch in bantval

The MICR code 575025060 is used in RBI cheque clearing process to identify the branch Shambur Dk Dist 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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