Syndicate Bank New Bombay Thane Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank New Bombay Thane Maharashtra

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vashi Turbhe Mafco
Contact
Bank Details Syndicate Bank Vashi Turbhe Mafco SYNB0005471
Location New Bombay, Thane
City New Bombay
District Thane
State Maharashtra
Pincode 400705
Country IN
Address Apmc market road, onion potato wholesale market, k u bazar, vashi turbe, maharastra, thane, maharashtra, 400 705
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 400025063 for Vashi Turbhe Mafco 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 400025063 of Syndicate Bank, Vashi Turbhe Mafco branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Vashi Turbhe Mafco branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Syndicate Bank are available with micr code -

>>Kopar Khairane >>Vashi Turbhe Mafco >>Vashi Turbhe Sector 19

MICR code for Syndicate Bank Vashi Turbhe Mafco

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 Vashi Turbhe Mafco 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. 400025063 is the MICR code of Syndicate Bank for Vashi Turbhe Mafco branch. MICR code for Vashi Turbhe Mafco 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 Vashi Turbhe Mafco is presented in the table alongside.

Use of Syndicate Bank MICR code for Vashi Turbhe Mafco branch in new bombay

The MICR code 400025063 is used in RBI cheque clearing process to identify the branch Vashi Turbhe Mafco 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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