Syndicate Bank IFSC code & MICR code

How to Search for Syndicate Bank IFSC and MICR Codes?

Anyone can find out the IFSC codes and MICR codes of a bank if they know the full name of the bank and the branch that they are looking for. For example, if one needs the IFSC code of a particular branch of Syndicate Bank, they can find it printed on a cheque books/leaves issued by Syndicate Bank. The complete list of IFSC codes of all the banks in India are offered by The Reserve Bank of India. Alternatively, you can log on to the official website of the bank to find the IFSC code. It is also possible to log on to a third party financial websites such as BankBazaar to find this information.

By logging on to BankBazaar, you will be presented with a complete list of IFSC codes for almost every bank in India, including that of Syndicate Bank. Following are the steps you should follow to get the IFSC or MICR codes that you require:

• Visit the BankBazaar website, scroll down the homepage, find the ‘Bank IFSC Code’ tab and click on it.
• This will open a second page where there will be a few drops down menus from which you will have to choose the ones that you are looking for.
• There will be a ‘Select Bank’ drop down options which will show you a list of banks that you can choose from. You must click on ‘Syndicate Bank’, followed by the appropriate option for ‘Select State’, ‘Select District’ and ‘Select Branch’. BankBazaar will generate the codes as soon as you select the mentioned information.
• You can also choose to browse through the list of banks which are provided on the same page and find the bank manually to get the IFSC code.

The generated table will not only provide you with the IFSC code but also the phone number, address of the branch, name, branch code etc.

How to Transfer Money using Syndicate Bank NEFT and RTGS?

As a customer of Syndicate Bank, it is a simple and convenient task to make online fund transfers using NEFT or RTGS services.

National Electronic Funds Transfer (NEFT)

When you transfer funds using NEFT or National Electronic Funds Transfers, the process works based on Deferred Net Settlements. It is done on an hourly schedule which means that they are done in batches. If you have debited the amount within the time-frame that is stipulated by the bank, it will be credited to the beneficiary on the same day. If not, the amount will be credited on the following working day.

You will need the following information to use NEFT service at Syndicate Bank:

1. The name of the receiver
2. The name of the receiver’s bank and branch
3. The receiver’s account number
4. The IFSC code of the receiver’s bank branch
5. The amount to be transferred

Following are the Service Charges on NEFT transactions at Syndicate Bank:

Real Time Gross Settlement System (RTGS)

Real Time Gross Settlement System (RTGS), unlike NEFT, involves transfers being completed on an individual transaction basis which means that the clearance of funds are scheduled individually and not batch-wise. If you are looking for the quickest way to transfer funds, RTGS may be the perfect option. Not only is it one of the quickest modes of fund transfer, but it is also one of the safest. Syndicate bank ensures that all your transactions will be completed on the same day that the customer debits the fund, unless it has been done after the indicated time frame.

You will need the following information to use RTGS service at Syndicate Bank:

1. The receiver’s name
2. The receiver’s bank and branch name
3. IFSC Code of the receiver’s bank
4. The transfer amount
5. The receiver’s account number
6. A remark for the receiver, if any

The following are the charges for availing the RTGS service (for outward transactions) at Syndicate Bank:

About Syndicate Bank

Headquartered in Manipal, Karnatake, Syndicate Bank is one of the oldest commercial banks in India. T M A Pai, Upendra Pai and Vaman Kudva are the founders of this establishment. The first branch of the Syndicate bank began its operations in Udupi in 1925. The bank commenced with the aim of assisting local weavers financially, but soon grew to be much more. Initially, Synidicate Bank was known as Canara Industrial and Banking Syndicate Limited. The Government of India nationalized the bank in 1968. Today Syndicate Bank has over 3000 branches in all the States and Union Territories of the country. Its presence is also felt internationally.