Chhattisgarh Rajya Gramin Bank Kondagaon Banskot Chhattisgarh MICR CODE

Find MICR Codes for Chhattisgarh Rajya Gramin Bank Kondagaon Banskot Chhattisgarh

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MICR Code	-NA-
Bank	Chhattisgarh Rajya Gramin Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Banskot
Contact	0-6232032403
Bank Details	Chhattisgarh Rajya Gramin Bank Banskot CRGB0001103

Location	Kondagaon, Banskot
City	Kondagaon
District	Banskot
State	Chhattisgarh
Pincode	494347
Country	IN
Address	Main road banskot 494347

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 Banskot 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 CRGB, Banskot branch makes the system almost error free and faster. Use of CRGB MICR codes for Banskot branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Chhattisgarh Rajya Gramin Bank are available with micr code -

>>Banskot

MICR code for Chhattisgarh Rajya Gramin Bank Banskot

Chhattisgarh Rajya Gramin Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. CRGB MICR code for Banskot 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 Chhattisgarh Rajya Gramin Bank for Banskot branch. MICR code for Banskot 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 CRGB Banskot is presented in the table alongside.

Use of CRGB MICR code for Banskot branch in kondagaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Banskot and CRGB 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 Chhattisgarh Rajya Gramin Bank is typically in either of these two font’s: E-138 and CMC-7.

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