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Pragathi Krishna Bank Shahapur Yadgir Karnataka MICR CODE

Find MICR Codes for Pragathi Krishna Bank Shahapur Yadgir Karnataka

MICR Code
Bank Pragathi Krishna Gramin Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wadagera
Contact
Bank Details Pragathi Krishna Gramin Bank Wadagera PKGB0011010
Location Shahapur, Yadgir
City Shahapur
District Yadgir
State Karnataka
Pincode 585223
Country IN
Address Tq.shahapur dist.yadgir
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 Wadagera 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 Pragathi Krishna Gramin Bank, Wadagera branch makes the system almost error free and faster. Use of Pragathi Krishna Gramin Bank MICR codes for Wadagera branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Pragathi Krishna Gramin Bank are available with micr code -

>>Bendebembli >>Doranahalli >>Hattigudur >>Shahapur >>Shahpur Yadgir Road >>Wadagera >>Wanadurga

MICR code for Pragathi Krishna Bank Wadagera

Pragathi Krishna Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Pragathi Krishna Gramin Bank MICR code for Wadagera 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 Pragathi Krishna Bank for Wadagera branch. MICR code for Wadagera 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 Pragathi Krishna Gramin Bank Wadagera is presented in the table alongside.

Use of Pragathi Krishna Gramin Bank MICR code for Wadagera branch in shahapur

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