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Suryoday Bank Navi Mumbai Madurai Maharashtra MICR CODE

Find MICR Codes for Suryoday Bank Navi Mumbai Madurai Maharashtra

MICR Code
Bank Suryoday Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nerul
Contact 0
Bank Details Suryoday Small Finance Bank Limited Nerul SURY0000013
Location Navi Mumbai, Madurai
City Navi Mumbai
District Madurai
State Maharashtra
Pincode 400706
Country IN
Address Shop number 6,ground floor,nri shopping center,seawods esates, ( phase-ii),sector 54,56,58, ( pt),navi mumbai
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 400757004 for Nerul 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 400757004 of Suryoday Finance Bank, Nerul branch makes the system almost error free and faster. Use of Suryoday Finance Bank MICR codes for Nerul branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Suryoday Small Finance Bank Limited are available with micr code -

>>Nerul

MICR code for Suryoday Bank Nerul

Suryoday Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Suryoday Finance Bank MICR code for Nerul 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. 400757004 is the MICR code of Suryoday Small Bank for Nerul branch. MICR code for Nerul 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 Suryoday Finance Bank Nerul is presented in the table alongside.

Use of Suryoday Finance Bank MICR code for Nerul branch in navi mumbai

The MICR code 400757004 is used in RBI cheque clearing process to identify the branch Nerul and Suryoday Finance 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 Suryoday Small Bank is typically in either of these two font’s: E-138 and CMC-7.