Syndicate Bank Basavana Bagevadi Bijapur Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Basavana Bagevadi Bijapur Karnataka

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MICR Code	586025010
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Wadawadagi
Contact	276333
Bank Details	Syndicate Bank Wadawadagi SYNB0000883

Location	Basavana Bagevadi, Bijapur
City	Basavana Bagevadi
District	Bijapur
State	Karnataka
Pincode	586208
Country	IN
Address	Plot no 4,behind primary school po and vill wadwadagi,tq basavana bagewadi,dist vijayapura karnataka india 586208

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 586025010 for Wadawadagi 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 586025010 of Syndicate Bank, Wadawadagi branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Wadawadagi 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 -

>>Wadawadagi

MICR code for Syndicate Bank Wadawadagi

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 Wadawadagi 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. 586025010 is the MICR code of Syndicate Bank for Wadawadagi branch. MICR code for Wadawadagi 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 Wadawadagi is presented in the table alongside.

Use of Syndicate Bank MICR code for Wadawadagi branch in basavana bagevadi

The MICR code 586025010 is used in RBI cheque clearing process to identify the branch Wadawadagi 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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