Syndicate Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Syndicate Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ro Mumbai Ii
Contact
Bank Details Syndicate Bank Ro Mumbai Ii SYNB0005095
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400005
Country IN
Address E-wing, cuffe parade, mumbai, mumbai, maharashtra, 400005, india
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 0 for Ro Mumbai Ii 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 0 of Syndicate Bank, Ro Mumbai Ii branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Ro Mumbai Ii branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Ro Mumbai Ii

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 Ro Mumbai Ii 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. 0 is the MICR code of Syndicate Bank for Ro Mumbai Ii branch. MICR code for Ro Mumbai Ii 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 Ro Mumbai Ii is presented in the table alongside.

Use of Syndicate Bank MICR code for Ro Mumbai Ii branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ro Mumbai Ii 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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