Syndicate Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Syndicate Bank Patna Patna Bihar

MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Danapur Cantonment
Contact
Bank Details Syndicate Bank Danapur Cantonment SYNB0007405
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 801503
Country IN
Address Cantonment board,chavani sadan, sadar bazar,danapur,,patna,bihar,801 503
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 800025007 for Danapur Cantonment 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 800025007 of Syndicate Bank, Danapur Cantonment branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Danapur Cantonment branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Danapur Cantonment

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 Danapur Cantonment 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. 800025007 is the MICR code of Syndicate Bank for Danapur Cantonment branch. MICR code for Danapur Cantonment 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 Danapur Cantonment is presented in the table alongside.

Use of Syndicate Bank MICR code for Danapur Cantonment branch in patna

The MICR code 800025007 is used in RBI cheque clearing process to identify the branch Danapur Cantonment 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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