Syndicate Bank Udupi Tq And Dist Udupi Tq And Dist Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Udupi Tq And Dist Udupi Tq And Dist Karnataka

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vaddarse
Contact
Bank Details Syndicate Bank Vaddarse SYNB0000286
Location Udupi Tq And Dist, Udupi Tq And Dist
City Udupi Tq And Dist
District Udupi Tq And Dist
State Karnataka
Pincode 576221
Country IN
Address Sri shakthi commercial complex,behinf vaddarse bus stand,vaddarse,udupi tq and dist,karnataka,576221,india
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 Vaddarse 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, Vaddarse branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Vaddarse 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 -

>>Vaddarse

MICR code for Syndicate Bank Vaddarse

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 Vaddarse 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 Vaddarse branch. MICR code for Vaddarse 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 Vaddarse is presented in the table alongside.

Use of Syndicate Bank MICR code for Vaddarse branch in udupi tq and dist

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