Syndicate Bank Venkatampalli Anantapur Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Venkatampalli Anantapur Andhra Pradesh

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MICR Code	515025309
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Venkatampalli
Contact	8554251599
Bank Details	Syndicate Bank Venkatampalli SYNB0003168

Location	Venkatampalli, Anantapur
City	Venkatampalli
District	Anantapur
State	Andhra Pradesh
Pincode	515425
Country	IN
Address	Venkatampalli p narpala m anantapur dist.pin 515425

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 515025309 for Venkatampalli 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 515025309 of Syndicate Bank, Venkatampalli branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Venkatampalli 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 -

>>Venkatampalli

MICR code for Syndicate Bank Venkatampalli

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 Venkatampalli 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. 515025309 is the MICR code of Syndicate Bank for Venkatampalli branch. MICR code for Venkatampalli 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 Venkatampalli is presented in the table alongside.

Use of Syndicate Bank MICR code for Venkatampalli branch in venkatampalli

The MICR code 515025309 is used in RBI cheque clearing process to identify the branch Venkatampalli 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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