Telangana Grameena Bank Siddipet Siddipet Telangana MICR CODE

Find MICR Codes for Telangana Grameena Bank Siddipet Siddipet Telangana

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MICR Code
Bank Telangana Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Siddipet Market Area
Contact 40-9490157404
Bank Details Telangana Grameena Bank Siddipet Market Area TGRB0008173
Location Siddipet, Siddipet
City Siddipet
District Siddipet
State Telangana
Pincode 502103
Country IN
Address 4-2-96/8, market area, near kaman, old hpo, siddipet 502103.
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 Siddipet Market Area 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, Siddipet Market Area branch makes the system almost error free and faster. Use of TGB MICR codes for Siddipet Market Area branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Telangana Grameena Bank Siddipet Market Area

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 Siddipet Market Area 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 Siddipet Market Area branch. MICR code for Siddipet Market Area 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 Siddipet Market Area is presented in the table alongside.

Use of TGB MICR code for Siddipet Market Area branch in siddipet

The MICR code 0 is used in RBI cheque clearing process to identify the branch Siddipet Market Area 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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