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Syndicate Bank Mangalore Dakshina Kannada Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Mangalore Dakshina Kannada Karnataka

MICR Code
Bank Syndicate Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mangalore Kankanady
Contact
Bank Details Syndicate Bank Mangalore Kankanady SYNB0000106
Location Mangalore, Dakshina Kannada
City Mangalore
District Dakshina Kannada
State Karnataka
Pincode 575002
Country IN
Address Dr lp fernandis memorial bldg , father mullers circle , kankanady , mangalore , dakshina kannada , karnataka , 575 002
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 575025008 for Mangalore Kankanady 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 575025008 of Syndicate Bank, Mangalore Kankanady branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Mangalore Kankanady branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Syndicate Bank Mangalore Kankanady

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 Mangalore Kankanady 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. 575025008 is the MICR code of Syndicate Bank for Mangalore Kankanady branch. MICR code for Mangalore Kankanady 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 Mangalore Kankanady is presented in the table alongside.

Use of Syndicate Bank MICR code for Mangalore Kankanady branch in mangalore

The MICR code 575025008 is used in RBI cheque clearing process to identify the branch Mangalore Kankanady 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.