Syndicate Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Hyderabad Hyderabad Urban Andhra Pradesh

MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hyderabad I S Sadan
Contact
Bank Details Syndicate Bank Hyderabad I S Sadan SYNB0003061
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500059
Country IN
Address No 17-1-197/6, dobhighat cross road, i s sadan, hyderabad, hyderabad, andhra pradesh, 500 059
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 500025060 for Hyderabad I S Sadan 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 500025060 of Syndicate Bank, Hyderabad I S Sadan branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Hyderabad I S Sadan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Hyderabad I S Sadan

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 I S Sadan 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. 500025060 is the MICR code of Syndicate Bank for Hyderabad I S Sadan branch. MICR code for Hyderabad I S Sadan 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 I S Sadan is presented in the table alongside.

Use of Syndicate Bank MICR code for Hyderabad I S Sadan branch in hyderabad

The MICR code 500025060 is used in RBI cheque clearing process to identify the branch Hyderabad I S Sadan 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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