Telangana Grameena Bank Nagarkurnool Nagarkurnool Telangana MICR CODE

Find MICR Codes for Telangana Grameena Bank Nagarkurnool Nagarkurnool Telangana

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MICR Code
Bank Telangana Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Veltoor
Contact 40-8331010420
Bank Details Telangana Grameena Bank Veltoor TGRB0007199
Location Nagarkurnool, Nagarkurnool
City Nagarkurnool
District Nagarkurnool
State Telangana
Pincode 509376
Country IN
Address H. No. 4-01, main road, veltoor, veltoor, 509376
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 Veltoor 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, Veltoor branch makes the system almost error free and faster. Use of TGB MICR codes for Veltoor branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Telangana Grameena Bank Veltoor

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

Use of TGB MICR code for Veltoor branch in nagarkurnool

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