Tgmc Bank Bengaluru Bengaluru Karnataka MICR CODE

Find MICR Codes for Tgmc Bank Bengaluru Bengaluru Karnataka

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MICR Code
Bank Tumkur Grain Merchants Cooperative Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bvk Iyenger Road
Contact 41134253
Bank Details Tumkur Grain Merchants Cooperative Bank Ltd Bvk Iyenger Road TGMB0000029
Location Bengaluru, Bengaluru
City Bengaluru
District Bengaluru
State Karnataka
Pincode
Country IN
Address Tgmc bank ltd, ward no 109, chickpet main road, chickpet.
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 560574015 for Bvk Iyenger Road 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 560574015 of Tumkur Bank, Bvk Iyenger Road branch makes the system almost error free and faster. Use of Tumkur Bank MICR codes for Bvk Iyenger Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Tgmc Bank Bvk Iyenger Road

Tgmc Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Tumkur Bank MICR code for Bvk Iyenger Road 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. 560574015 is the MICR code of Tumkur Grain Merchant Bank for Bvk Iyenger Road branch. MICR code for Bvk Iyenger Road 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 Tumkur Bank Bvk Iyenger Road is presented in the table alongside.

Use of Tumkur Bank MICR code for Bvk Iyenger Road branch in bengaluru

The MICR code 560574015 is used in RBI cheque clearing process to identify the branch Bvk Iyenger Road and Tumkur 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 Tumkur Grain Merchant Bank is typically in either of these two font’s: E-138 and CMC-7.

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