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Syndicate Bank Daman Daman Daman And Diu MICR CODE

Find MICR Codes for Syndicate Bank Daman Daman Daman And Diu

Bank
State
District
City
Branch
Address

MICR Code	396025131
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Daman
Contact	8905013277
Bank Details	Syndicate Bank Daman SYNB0007074

Location	Daman, Daman
City	Daman
District	Daman
State	Daman And Diu
Pincode	396210
Country	IN
Address	Shop no 5,6 and 7, neelkanth residency, daman-vapi main road khariwad daman daman and diu 396210 india

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 396025131 for Daman 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 396025131 of Syndicate Bank, Daman branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Daman 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 -

>>Daman

MICR code for Syndicate Bank Daman

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 Daman 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. 396025131 is the MICR code of Syndicate Bank for Daman branch. MICR code for Daman 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 Daman is presented in the table alongside.

Use of Syndicate Bank MICR code for Daman branch in daman

The MICR code 396025131 is used in RBI cheque clearing process to identify the branch Daman 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.