Saptagiri Grameena Bank Krishna Gudivada Andhra Pradesh MICR CODE

Find MICR Codes for Saptagiri Grameena Bank Krishna Gudivada Andhra Pradesh

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MICR Code
Bank Saptagiri Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gudivada
Contact 0
Bank Details Saptagiri Grameena Bank Gudivada SAGB0050030
Location Krishna, Gudivada
City Krishna
District Gudivada
State Andhra Pradesh
Pincode
Country IN
Address Dno14/246b,opp civil court, besides fire station,railway station road, gudivada
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 Gudivada 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, Gudivada branch makes the system almost error free and faster. Use of Saptagiri Grameena Bank MICR codes for Gudivada 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 -

>>Gudivada

MICR code for Saptagiri Grameena Bank Gudivada

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

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

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