Syndicate Bank Savanur Dakshina Kannada Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Savanur Dakshina Kannada Karnataka

Bank
State
District
City
Branch
Address

MICR Code	574025405
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Savanur
Contact	08251-282264
Bank Details	Syndicate Bank Savanur SYNB0000212

Location	Savanur, Dakshina Kannada
City	Savanur
District	Dakshina Kannada
State	Karnataka
Pincode	574202
Country	IN
Address	Padmamba complex,savanoor,puttur taluk,,pin-574 202

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 574025405 for Savanur 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 574025405 of Syndicate Bank, Savanur branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Savanur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Syndicate Bank are available with micr code -

>>Savanur

MICR code for Syndicate Bank Savanur

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 Savanur 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. 574025405 is the MICR code of Syndicate Bank for Savanur branch. MICR code for Savanur 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 Savanur is presented in the table alongside.

Use of Syndicate Bank MICR code for Savanur branch in savanur

The MICR code 574025405 is used in RBI cheque clearing process to identify the branch Savanur 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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