Syndicate Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Syndicate Bank Panchkula Panchkula Haryana

Bank
State
District
City
Branch
Address

MICR Code	160025005
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panchkula Sector 7
Contact
Bank Details	Syndicate Bank Panchkula Sector 7 SYNB0008202

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134109
Country	IN
Address	Moti ram arya modern, public school, sector 7, panchkula, panchkula, haryana, 134 109

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 160025005 for Panchkula Sector 7 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 160025005 of Syndicate Bank, Panchkula Sector 7 branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Panchkula Sector 7 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Syndicate Bank are available with micr code -

>>Panchkula Housing Complex >>Panchkula Sector 7 >>Panchkula Swastik Vihar >>Retail Asset Hubii >>Sec Panchkula

MICR code for Syndicate Bank Panchkula Sector 7

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 Panchkula Sector 7 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. 160025005 is the MICR code of Syndicate Bank for Panchkula Sector 7 branch. MICR code for Panchkula Sector 7 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 Panchkula Sector 7 is presented in the table alongside.

Use of Syndicate Bank MICR code for Panchkula Sector 7 branch in panchkula

The MICR code 160025005 is used in RBI cheque clearing process to identify the branch Panchkula Sector 7 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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