Gayatri Bank Bhadradri Kothagudem Kothagudem Telangana MICR CODE

Find MICR Codes for Gayatri Bank Bhadradri Kothagudem Kothagudem 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 Kothagudem
Contact 0-8500725863
Bank Details The Gayatri Co-Operative Urban Bank Ltd Kothagudem GABK0001053
Location Bhadradri Kothagudem, Kothagudem
City Bhadradri Kothagudem
District Kothagudem
State Telangana
Pincode 507101
Country IN
Address 6-10-1,2, ganesh basthi, kothagudem district bhadradri kothagudem, telangana state.
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 Kothagudem 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, Kothagudem branch makes the system almost error free and faster. Use of Gayatri Co-Op Bank MICR codes for Kothagudem 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 -

>>Kothagudem

MICR code for Gayatri Bank Kothagudem

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 Kothagudem 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 Kothagudem branch. MICR code for Kothagudem 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 Kothagudem is presented in the table alongside.

Use of Gayatri Co-Op Bank MICR code for Kothagudem branch in bhadradri kothagudem

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kothagudem 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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