MICR Code Bank
Find MICR code for Syndicate Bank Varanasi branches in India for NEFT and RTGS transfer

Syndicate Bank Varanasi MICR CODE

Find MICR Codes for Syndicate Bank Varanasi

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  1. Syndicate Bank »
  2. Uttar Pradesh »
  3. varanasi »
  4. varanasi »
  5. varanasi (main)

Find MICR Codes for Syndicate Bank Varanasi

MICR Code: 221025002
Bank: Syndicate Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Varanasi (Main)
Contact:
Bank Details: Syndicate Bank Varanasi (Main) SYNB0008751
Location: Varanasi, Varanasi
City: Varanasi
District: Varanasi
State: Uttar Pradesh
Pincode: 221001
Country: IN
Address: Chetganj, varanasi, , , varanasi, uttar pradesh, 221 001

How does MICR code for varanasi 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 of Syndicate Bank, varanasi branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for varanasi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank varanasi

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

Use of Syndicate Bank MICR code for varanasi branch in varanasi

The MICR code is used in RBI cheque clearing process to identify the branch varanasi 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.