Syndicate Bank Meerut Meerut Uttar Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Meerut Meerut Uttar Pradesh

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shatabdi Ngr
Contact 2411154
Bank Details Syndicate Bank Shatabdi Ngr SYNB0009847
Location Meerut, Meerut
City Meerut
District Meerut
State Uttar Pradesh
Pincode 250002
Country IN
Address Shatabdi nagar meerut meerut meerut uttar pradesh 250002
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 Shatabdi Ngr 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, Shatabdi Ngr branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Shatabdi Ngr branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Shatabdi Ngr

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 Shatabdi Ngr 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 Shatabdi Ngr branch. MICR code for Shatabdi Ngr 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 Shatabdi Ngr is presented in the table alongside.

Use of Syndicate Bank MICR code for Shatabdi Ngr branch in meerut

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