Saptagiri Grameena Bank Krishna Penamaluru Andhra Pradesh MICR CODE

Find MICR Codes for Saptagiri Grameena Bank Krishna Penamaluru 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	Penamaluru
Contact	0
Bank Details	Saptagiri Grameena Bank Penamaluru SAGB0050219

Location	Krishna, Penamaluru
City	Krishna
District	Penamaluru
State	Andhra Pradesh
Pincode
Country	IN
Address	9-76/1,chinna gudi center,beside masjid,penamaluru

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

>>Penamaluru

MICR code for Saptagiri Grameena Bank Penamaluru

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

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

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