Syndicate Bank Sidenur Haveri Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Sidenur Haveri Karnataka

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MICR Code	581025124
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sidenur
Contact	08375-228304
Bank Details	Syndicate Bank Sidenur SYNB0001233

Location	Sidenur, Haveri
City	Sidenur
District	Haveri
State	Karnataka
Pincode	581106
Country	IN
Address	Main roadnear bus standsidenurbyadgi talukpin-581 106

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 581025124 for Sidenur 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 581025124 of Syndicate Bank, Sidenur branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Sidenur 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 -

>>Sidenur

MICR code for Syndicate Bank Sidenur

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 Sidenur 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. 581025124 is the MICR code of Syndicate Bank for Sidenur branch. MICR code for Sidenur 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 Sidenur is presented in the table alongside.

Use of Syndicate Bank MICR code for Sidenur branch in sidenur

The MICR code 581025124 is used in RBI cheque clearing process to identify the branch Sidenur 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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