Saptagiri Grameena Bank Krishna Mandavalli Andhra Pradesh MICR CODE

Find MICR Codes for Saptagiri Grameena Bank Krishna Mandavalli Andhra Pradesh

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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	Mandavalli
Contact	0
Bank Details	Saptagiri Grameena Bank Mandavalli SAGB0050216

Location	Krishna, Mandavalli
City	Krishna
District	Mandavalli
State	Andhra Pradesh
Pincode
Country	IN
Address	Beside sub registrar office,main road,mandavalli mandal,mandavalli, krishna dt

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 Mandavalli 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, Mandavalli branch makes the system almost error free and faster. Use of Saptagiri Grameena Bank MICR codes for Mandavalli 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 -

>>Mandavalli

MICR code for Saptagiri Grameena Bank Mandavalli

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

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

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