Syndicate Bank Seoni Seoni Madhya Pradesh MICR CODE

Find MICR Codes for Syndicate Bank Seoni Seoni Madhya Pradesh

MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Seoni
Contact 2576492
Bank Details Syndicate Bank Seoni SYNB0007889
Location Seoni, Seoni
City Seoni
District Seoni
State Madhya Pradesh
Pincode 480661
Country IN
Address 243,ground floor,sai villa mathe mandir road,ward no 18 tilak ward,chhindwara chowk seoni madhya pradesh india 480661
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 480025101 for Seoni 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 480025101 of Syndicate Bank, Seoni branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Seoni branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Syndicate Bank are available with micr code -

>>Lakhnadon >>Seoni

MICR code for Syndicate Bank Seoni

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 Seoni 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. 480025101 is the MICR code of Syndicate Bank for Seoni branch. MICR code for Seoni 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 Seoni is presented in the table alongside.

Use of Syndicate Bank MICR code for Seoni branch in seoni

The MICR code 480025101 is used in RBI cheque clearing process to identify the branch Seoni 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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