Syndicate Bank Shiroda Sindudurg Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Shiroda Sindudurg Maharashtra

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MICR Code	416025602
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shiroda
Contact
Bank Details	Syndicate Bank Shiroda SYNB0005373

Location	Shiroda, Sindudurg
City	Shiroda
District	Sindudurg
State	Maharashtra
Pincode	416518
Country	IN
Address	Vengurla road, market, shiroda, , sindhudurg dist, pin 416 518

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 416025602 for Shiroda 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 416025602 of Syndicate Bank, Shiroda branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Shiroda 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 -

>>Shiroda

MICR code for Syndicate Bank Shiroda

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 Shiroda 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. 416025602 is the MICR code of Syndicate Bank for Shiroda branch. MICR code for Shiroda 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 Shiroda is presented in the table alongside.

Use of Syndicate Bank MICR code for Shiroda branch in shiroda

The MICR code 416025602 is used in RBI cheque clearing process to identify the branch Shiroda 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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