Telangana Grameena Bank Mahbubnagar Mahbubnagar Telangana MICR CODE

Find MICR Codes for Telangana Grameena Bank Mahbubnagar Mahbubnagar Telangana

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MICR Code
Bank Telangana Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Koilkonda
Contact 40-8331010460
Bank Details Telangana Grameena Bank Koilkonda TGRB0007203
Location Mahbubnagar, Mahbubnagar
City Mahbubnagar
District Mahbubnagar
State Telangana
Pincode 509371
Country IN
Address H.no. 8-126/51/t, main road, bc colony, koilkonda, koilkonda, 509371
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 Koilkonda 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 TGB, Koilkonda branch makes the system almost error free and faster. Use of TGB MICR codes for Koilkonda branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Telangana Grameena Bank Koilkonda

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

Use of TGB MICR code for Koilkonda branch in mahbubnagar

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

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