Saptagiri Grameena Bank Krishna Velvadam Andhra Pradesh MICR CODE

Find MICR Codes for Saptagiri Grameena Bank Krishna Velvadam 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	Velvadam
Contact	0
Bank Details	Saptagiri Grameena Bank Velvadam SAGB0050134

Location	Krishna, Velvadam
City	Krishna
District	Velvadam
State	Andhra Pradesh
Pincode	521230
Country	IN
Address	D.no.7-22 velvadam,velvadam 521230,velvadam

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

>>Velvadam

MICR code for Saptagiri Grameena Bank Velvadam

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

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

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