Gayatri Bank Medchalmalkajgiri Hyderabad Telangana MICR CODE

Find MICR Codes for Gayatri Bank Medchalmalkajgiri Hyderabad Telangana

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MICR Code
Bank The Gayatri Co-Operative Urban Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kompally
Contact 0-8500726718
Bank Details The Gayatri Co-Operative Urban Bank Ltd Kompally GABK0001056
Location Medchalmalkajgiri, Hyderabad
City Medchalmalkajgiri
District Hyderabad
State Telangana
Pincode 500100
Country IN
Address 1-115/2, plot no.2&4, kompally, district medchal-malkajgiri, telangana.
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 0 for Kompally 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 0 of Gayatri Co-Op Bank, Kompally branch makes the system almost error free and faster. Use of Gayatri Co-Op Bank MICR codes for Kompally branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Gayatri Co-Operative Urban Bank Ltd are available with micr code -

>>Kompally

MICR code for Gayatri Bank Kompally

Gayatri Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Gayatri Co-Op Bank MICR code for Kompally 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. 0 is the MICR code of The Gayatri Co-Operative Urban Bank Ltd for Kompally branch. MICR code for Kompally 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 Gayatri Co-Op Bank Kompally is presented in the table alongside.

Use of Gayatri Co-Op Bank MICR code for Kompally branch in medchalmalkajgiri

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kompally and Gayatri Co-Op 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 The Gayatri Co-Operative Urban Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.

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