Tamil Nadu Grama Bank Namakkal Namakkal Tamil Nadu MICR CODE

Find MICR Codes for Tamil Nadu Grama Bank Namakkal Namakkal Tamil Nadu

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MICR Code
Bank Tamil Nadu Grama Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ayyampalayam
Contact 0
Bank Details Tamil Nadu Grama Bank Ayyampalayam TNGB0060243
Location Namakkal, Namakkal
City Namakkal
District Namakkal
State Tamil Nadu
Pincode 637001
Country IN
Address 1/130 main road ,k.ayyampalayam
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 Ayyampalayam 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 Tamil Nadu Grama Bank, Ayyampalayam branch makes the system almost error free and faster. Use of Tamil Nadu Grama Bank MICR codes for Ayyampalayam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Tamil Nadu Grama Bank Ayyampalayam

Tamil Nadu Grama Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Tamil Nadu Grama Bank MICR code for Ayyampalayam 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 Tamil Nadu Grama Bank for Ayyampalayam branch. MICR code for Ayyampalayam 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 Tamil Nadu Grama Bank Ayyampalayam is presented in the table alongside.

Use of Tamil Nadu Grama Bank MICR code for Ayyampalayam branch in namakkal

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

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