Telangana Grameena Bank Mancherial Mancherial Telangana MICR CODE

Find MICR Codes for Telangana Grameena Bank Mancherial Mancherial Telangana

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MICR Code
Bank Telangana Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Medariwada
Contact 40-9491041607
Bank Details Telangana Grameena Bank Medariwada TGRB0000264
Location Mancherial, Mancherial
City Mancherial
District Mancherial
State Telangana
Pincode 504208
Country IN
Address H.no.18-238/1, luxettipet road, medariwada, mancherial-504208 mancherial opp abhinava vidya sadan mancherial mancherial-504208
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 Medariwada 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, Medariwada branch makes the system almost error free and faster. Use of TGB MICR codes for Medariwada branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Telangana Grameena Bank Medariwada

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

Use of TGB MICR code for Medariwada branch in mancherial

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