Kaveri Grameena Bank Mandya Mandya Karnataka MICR CODE

Find MICR Codes for Kaveri Grameena Bank Mandya Mandya Karnataka

MICR Code
Bank Kaveri Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Srirangapatna
Contact 262951
Bank Details Kaveri Grameena Bank Srirangapatna KGRB0000324
Location Mandya, Mandya
City Mandya
District Mandya
State Karnataka
Pincode
Country IN
Address Sriranga patna sriranga patna taluk
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 Srirangapatna 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 Kaveri Grameena Bank, Srirangapatna branch makes the system almost error free and faster. Use of Kaveri Grameena Bank MICR codes for Srirangapatna branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kaveri Grameena Bank Srirangapatna

Kaveri Grameena Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Kaveri Grameena Bank MICR code for Srirangapatna 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 Kaveri Grameena Bank for Srirangapatna branch. MICR code for Srirangapatna 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 Kaveri Grameena Bank Srirangapatna is presented in the table alongside.

Use of Kaveri Grameena Bank MICR code for Srirangapatna branch in mandya

The MICR code 0 is used in RBI cheque clearing process to identify the branch Srirangapatna and Kaveri Grameena 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 Kaveri Grameena Bank is typically in either of these two font’s: E-138 and CMC-7.

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