Kaveri Grameena Bank Tumakuru District572101 Tumakuru Karnataka MICR CODE

Find MICR Codes for Kaveri Grameena Bank Tumakuru District572101 Tumakuru Karnataka

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MICR Code
Bank Kaveri Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ro Tumkur
Contact
Bank Details Kaveri Grameena Bank Ro Tumkur KGRB0000503
Location Tumakuru District572101, Tumakuru
City Tumakuru District572101
District Tumakuru
State Karnataka
Pincode
Country IN
Address 6th main,behind sbm,sadashivanagara
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 Ro Tumkur 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 Kaveri Grameena Bank, Ro Tumkur branch makes the system almost error free and faster. Use of Kaveri Grameena Bank MICR codes for Ro Tumkur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Kaveri Grameena Bank are available with micr code -

>>Ro Tumkur

MICR code for Kaveri Grameena Bank Ro Tumkur

Kaveri Grameena Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Kaveri Grameena Bank MICR code for Ro Tumkur 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 Kaveri Grameena Bank for Ro Tumkur branch. MICR code for Ro Tumkur 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 Kaveri Grameena Bank Ro Tumkur is presented in the table alongside.

Use of Kaveri Grameena Bank MICR code for Ro Tumkur branch in tumakuru district572101

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ro Tumkur and Kaveri Grameena 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 Kaveri Grameena Bank is typically in either of these two font’s: E-138 and CMC-7.

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