Telangana Grameena Bank Sangareddy Sangareddy Telangana MICR CODE

Find MICR Codes for Telangana Grameena Bank Sangareddy Sangareddy Telangana

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MICR Code
Bank Telangana Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Velimela
Contact 40-8331010429
Bank Details Telangana Grameena Bank Velimela TGRB0008194
Location Sangareddy, Sangareddy
City Sangareddy
District Sangareddy
State Telangana
Pincode 502300
Country IN
Address Gram panchayat building, main road, velimela, elmela, 502300
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 Velimela 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, Velimela branch makes the system almost error free and faster. Use of TGB MICR codes for Velimela branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Telangana Grameena Bank Velimela

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

Use of TGB MICR code for Velimela branch in sangareddy

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