MICR Code Bank
Find MICR code for Syndicate Bank branches in India for NEFT and RTGS transfer

Syndicate Bank MICR CODE

Find MICR Codes for Syndicate Bank

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  1. Syndicate Bank »
  2. Madhya Pradesh »
  3. bhopal »
  4. bhopal »
  5. vidya nagar bhopal

Find MICR Codes for Syndicate Bank

MICR Code: -NA-
Bank: Syndicate Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Vidya Nagar Bhopal
Contact: 2576492
Bank Details: Syndicate Bank Vidya Nagar Bhopal SYNB0007733
Location: Bhopal, Bhopal
City: Bhopal
District: Bhopal
State: Madhya Pradesh
Pincode: 462026
Country: IN
Address: B 34,vidya nagar,ground floor hoshangabad road ward no 52 bhopal madhya pradesh india 462026

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

MICR code for Syndicate Bank

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

Use of Syndicate Bank MICR code for branch in bhopal

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