Syndicate Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mumbai Crawford Market
Contact
Bank Details Syndicate Bank Mumbai Crawford Market SYNB0005031
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400003
Country IN
Address 1st floor , oomigar building,above badshah cool drink house,115, lokamanya tilak marg,,mumbai,brihan mumbai,maharashtra,400 003
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 400025011 for Mumbai Crawford Market 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 400025011 of Syndicate Bank, Mumbai Crawford Market branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Mumbai Crawford Market branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Mumbai Crawford Market

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 Mumbai Crawford Market 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. 400025011 is the MICR code of Syndicate Bank for Mumbai Crawford Market branch. MICR code for Mumbai Crawford Market 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 Mumbai Crawford Market is presented in the table alongside.

Use of Syndicate Bank MICR code for Mumbai Crawford Market branch in mumbai

The MICR code 400025011 is used in RBI cheque clearing process to identify the branch Mumbai Crawford Market 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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