Saurashtra Gramin Bank Junagadh Ivnagar Gujarat MICR CODE

Find MICR Codes for Saurashtra Gramin Bank Junagadh Ivnagar Gujarat

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MICR Code	-NA-
Bank	Saurashtra Gramin Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ivnagar
Contact	0-7574808326
Bank Details	Saurashtra Gramin Bank Ivnagar SGBA0000326

Location	Junagadh, Ivnagar
City	Junagadh
District	Ivnagar
State	Gujarat
Pincode
Country	IN
Address	Ivnagar branch, opp.godown,

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

A total of 1 branches of Saurashtra Gramin Bank are available with micr code -

>>Ivnagar

MICR code for Saurashtra Gramin Bank Ivnagar

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

Use of Saurashtra Gramin Bank MICR code for Ivnagar branch in junagadh

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

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