IFSC code: SYNB0009911 and MICR code: 744025005 SYNDICATE BANK MUNICIPALCONCIL PORTBLAIR

BANK NAME SYNDICATE BANK
IFSC CODE SYNB0009911
MICR CODE 744025005
BRANCH NAME MUNICIPALCONCIL PORTBLAIR
ADDRESS UTTAR PRADESHUTTAR PRADESHUTTAR PRADESHUTTAR PRADESHUTTAR PRADESH
CONTACT 0
CITY PORTBLAIR
DISTRICT ANDAMAN
STATE ANDAMAN AND NICOBAR ISLAND

IFSC code: SYNB0009911 and MICR code: 744025005 SYNDICATE BANK MUNICIPALCONCIL PORTBLAIR

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What is IFSC Code?

The full form of IFSC code is Indian Financial System Code.IFSC code has 11 digits and it is a collection of number and letters.we find IFSC code on the first page of our bank passbook and also our bank cheque.

Where we use IFSC code?

we use IFSC code for transfer money online it means wire transfer like NEFT, IMPS, or RTGS etc.ex. if you want to give money to your friend without going to a bank you can transfer it by using IFSC code of your friend bank account. every bank's branches have there owned IFSC code and its give by RBI(Reserve Bank of India).every bank's branches have there owned IFSC code and its give by RBI(Reserve Bank of India).

The format for bank IFSC code

SYNB0009911 is a SYNDICATE BANK MUNICIPALCONCIL PORTBLAIR branch PORTBLAIR IFSC Code ( SYNB0009911 ).

  • Initial 4 characters speak to the substance SYNDICATE BANK bank name.( SYNB 0009911 )
  • fifth position of any IFSC code is always defaulted with a '0' (Zero) ( SYNB0009911 )
  • And last 6 characer of ifsc code represent SYNDICATE BANK MUNICIPALCONCIL PORTBLAIR branch code ( SYNB0009911 )

What Is a MICR Code?

MICR code means Magnetic Ink Character Recognition.MICR code use for bank cheques clearance.it uses to verify cheques for clearance in a secure and faster way. MICR code works like a barcode but it is better than bar code because it can be read by humans.

MICR code is a result of very propelled Character Recognition Technology (CRT) utilized by banks to confirm checks for free. MICR innovation is utilized for other bank archives too. A MICR code is set at the base of a check. It incorporates subtle elements such as the bank code, account points of interest, sum, and check number, nearby a control pointer. The greatest preferred standpoint of MICR innovation is that it emerges among comparative ideas, for example, scanner tags, as MICR can be perused and recognized by people effectively.

SYNB0009911 is a SYNDICATE BANK MUNICIPALCONCIL PORTBLAIR branch PORTBLAIR MICR Code ( 744025005 ).

Difference between IFSC Code & MICR Code

How about we accumulate an unmistakable comprehension of both and figure out how they vary from each other-

IFSC Code

MICR Code

It is utilized to encourage electronic cash exchange between the banks in India. It is utilized to encourage electronic cash exchange between the banks in India.
It is a 11-digit alpha-numeric code. MICR is a 9-digit code.
The initial four characters show the name of the bank. The initial three digits speak to the city code where the bank office is found.
Last 6 digits speak to the bank area Last three digits demonstrate the bank office code.

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