Saptagiri Grameena Bank Krishna Davajigudem Andhra Pradesh MICR CODE

Find MICR Codes for Saptagiri Grameena Bank Krishna Davajigudem Andhra Pradesh

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State
District
City
Branch
Address

MICR Code	-NA-
Bank	Saptagiri Grameena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Davajigudem
Contact	0
Bank Details	Saptagiri Grameena Bank Davajigudem SAGB0050024

Location	Krishna, Davajigudem
City	Krishna
District	Davajigudem
State	Andhra Pradesh
Pincode
Country	IN
Address	D no 1 - 106, gannavaram, davajigudem

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

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

>>Davajigudem

MICR code for Saptagiri Grameena Bank Davajigudem

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

Use of Saptagiri Grameena Bank MICR code for Davajigudem branch in krishna

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

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