Syndicate Bank Vijayawada Krishna Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Vijayawada Krishna Andhra Pradesh

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MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vijayawada Siddartha Med Clg
Contact
Bank Details Syndicate Bank Vijayawada Siddartha Med Clg SYNB0003366
Location Vijayawada, Krishna
City Vijayawada
District Krishna
State Andhra Pradesh
Pincode 520008
Country IN
Address Ntr university of health,sciences campus,gundala,vijayawada pin-520 008
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 520025007 for Vijayawada Siddartha Med Clg 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 520025007 of Syndicate Bank, Vijayawada Siddartha Med Clg branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Vijayawada Siddartha Med Clg branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Vijayawada Siddartha Med Clg

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 Vijayawada Siddartha Med Clg 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. 520025007 is the MICR code of Syndicate Bank for Vijayawada Siddartha Med Clg branch. MICR code for Vijayawada Siddartha Med Clg 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 Vijayawada Siddartha Med Clg is presented in the table alongside.

Use of Syndicate Bank MICR code for Vijayawada Siddartha Med Clg branch in vijayawada

The MICR code 520025007 is used in RBI cheque clearing process to identify the branch Vijayawada Siddartha Med Clg 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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