Syndicate Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Hyderabad Hyderabad Urban Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	500025008
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hyderabad Ashoknagar
Contact
Bank Details	Syndicate Bank Hyderabad Ashoknagar SYNB0003010

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500020
Country	IN
Address	1-1-300-b main road, , ashok nagar, , hyderabad, , hyderabad, andhra pradesh, 500 020

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 500025008 for Hyderabad Ashoknagar 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 500025008 of Syndicate Bank, Hyderabad Ashoknagar branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Hyderabad Ashoknagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 38 branches of Syndicate Bank are available with micr code -

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MICR code for Syndicate Bank Hyderabad Ashoknagar

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 Hyderabad Ashoknagar 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. 500025008 is the MICR code of Syndicate Bank for Hyderabad Ashoknagar branch. MICR code for Hyderabad Ashoknagar 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 Hyderabad Ashoknagar is presented in the table alongside.

Use of Syndicate Bank MICR code for Hyderabad Ashoknagar branch in hyderabad

The MICR code 500025008 is used in RBI cheque clearing process to identify the branch Hyderabad Ashoknagar 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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