Syndicate Bank Hotgi Station Sholapur Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Hotgi Station Sholapur Maharashtra

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MICR Code	413025003
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sholapur Majrewadi
Contact
Bank Details	Syndicate Bank Sholapur Majrewadi SYNB0005432

Location	Hotgi Station, Sholapur
City	Hotgi Station
District	Sholapur
State	Maharashtra
Pincode	413003
Country	IN
Address	276/1, hotgi road, , sholapur., , , solapur, maharashtra, 413 003

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 413025003 for Sholapur Majrewadi 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 413025003 of Syndicate Bank, Sholapur Majrewadi branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Sholapur Majrewadi 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 -

>>Sholapur Majrewadi

MICR code for Syndicate Bank Sholapur Majrewadi

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 Sholapur Majrewadi 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. 413025003 is the MICR code of Syndicate Bank for Sholapur Majrewadi branch. MICR code for Sholapur Majrewadi 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 Sholapur Majrewadi is presented in the table alongside.

Use of Syndicate Bank MICR code for Sholapur Majrewadi branch in hotgi station

The MICR code 413025003 is used in RBI cheque clearing process to identify the branch Sholapur Majrewadi 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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