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Tgmc Bank Tumkur Tumkur Karnataka MICR CODE

Find MICR Codes for Tgmc Bank Tumkur Tumkur Karnataka

MICR Code
Bank Tumkur Grain Merchants Cooperative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Head Office
Contact Kiran Kumar C ( System Admin) -9686550016,0816-4021102
Bank Details Tumkur Grain Merchants Cooperative Bank Ltd Head Office TGMB0000001
Location Tumkur, Tumkur
City Tumkur
District Tumkur
State Karnataka
Pincode 572103
Country IN
Address B.h. Road, tumkur -572103
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 572574000 for Head Office 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 572574000 of Tumkur Bank, Head Office branch makes the system almost error free and faster. Use of Tumkur Bank MICR codes for Head Office branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Tumkur Grain Merchants Cooperative Bank Ltd are available with micr code -

>>Apmc Branch >>Head Office >>J C Road Branch >>Mobile Banking Divisionhead Office >>R N Branch >>S S Puram Branch >>Sdn Branch

MICR code for Tgmc Bank Head Office

Tgmc Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Tumkur Bank MICR code for Head Office 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. 572574000 is the MICR code of Tumkur Grain Merchant Bank for Head Office branch. MICR code for Head Office 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 Tumkur Bank Head Office is presented in the table alongside.

Use of Tumkur Bank MICR code for Head Office branch in tumkur

The MICR code 572574000 is used in RBI cheque clearing process to identify the branch Head Office and Tumkur Bank 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 Tumkur Grain Merchant Bank is typically in either of these two font’s: E-138 and CMC-7.