Tamil Nadu Grama Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Tamil Nadu Grama Bank Madurai Madurai 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 Nagamalaipudukottai
Contact 0
Bank Details Tamil Nadu Grama Bank Nagamalaipudukottai TNGB0065307
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625019
Country IN
Address 7/633 kumarasamy raja street, nagamalai pudukottai
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 Nagamalaipudukottai 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, Nagamalaipudukottai branch makes the system almost error free and faster. Use of Tamil Nadu Grama Bank MICR codes for Nagamalaipudukottai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Tamil Nadu Grama Bank Nagamalaipudukottai

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

Use of Tamil Nadu Grama Bank MICR code for Nagamalaipudukottai branch in madurai

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