Syndicate Bank Varikuntapadu Nellore Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Varikuntapadu Nellore Andhra Pradesh

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MICR Code	524025207
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Varikuntapadu
Contact	08620-227724
Bank Details	Syndicate Bank Varikuntapadu SYNB0003483

Location	Varikuntapadu, Nellore
City	Varikuntapadu
District	Nellore
State	Andhra Pradesh
Pincode	524227
Country	IN
Address	Varikuntapaduudayagiri tq,pin-524 227

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 524025207 for Varikuntapadu 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 524025207 of Syndicate Bank, Varikuntapadu branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Varikuntapadu 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 -

>>Varikuntapadu

MICR code for Syndicate Bank Varikuntapadu

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 Varikuntapadu 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. 524025207 is the MICR code of Syndicate Bank for Varikuntapadu branch. MICR code for Varikuntapadu 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 Varikuntapadu is presented in the table alongside.

Use of Syndicate Bank MICR code for Varikuntapadu branch in varikuntapadu

The MICR code 524025207 is used in RBI cheque clearing process to identify the branch Varikuntapadu 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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