Telangana Grameena Bank Jagtial Jagtial Telangana MICR CODE

Find MICR Codes for Telangana Grameena Bank Jagtial Jagtial Telangana

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MICR Code
Bank Telangana Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Buggaram
Contact 40-7901096349
Bank Details Telangana Grameena Bank Buggaram TGRB0000397
Location Jagtial, Jagtial
City Jagtial
District Jagtial
State Telangana
Pincode
Country IN
Address H.no 9-14/8/3, main road, buggaram
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 Buggaram 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 TGB, Buggaram branch makes the system almost error free and faster. Use of TGB MICR codes for Buggaram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Telangana Grameena Bank Buggaram

Telangana Grameena Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. TGB MICR code for Buggaram 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 Telangana Grameena Bank for Buggaram branch. MICR code for Buggaram 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 TGB Buggaram is presented in the table alongside.

Use of TGB MICR code for Buggaram branch in jagtial

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

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