Syndicate Bank Erode Erode Tamil Nadu MICR CODE

Find MICR Codes for Syndicate Bank Erode Erode Tamil Nadu

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Veerappa Chatram Erode
Contact 04242-265075
Bank Details Syndicate Bank Veerappa Chatram Erode SYNB0006531
Location Erode, Erode
City Erode
District Erode
State Tamil Nadu
Pincode 638011
Country IN
Address Skv building, 62 pemindurai road, erode -638011
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 638025003 for Veerappa Chatram Erode 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 638025003 of Syndicate Bank, Veerappa Chatram Erode branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Veerappa Chatram Erode 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 -

>>Erode >>Veerappa Chatram Erode >>Vellakoil

MICR code for Syndicate Bank Veerappa Chatram Erode

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 Veerappa Chatram Erode 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. 638025003 is the MICR code of Syndicate Bank for Veerappa Chatram Erode branch. MICR code for Veerappa Chatram Erode 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 Veerappa Chatram Erode is presented in the table alongside.

Use of Syndicate Bank MICR code for Veerappa Chatram Erode branch in erode

The MICR code 638025003 is used in RBI cheque clearing process to identify the branch Veerappa Chatram Erode 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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