Tgmc Bank Hoskote Bangalore Rurl Karnataka MICR CODE

Find MICR Codes for Tgmc Bank Hoskote Bangalore Rurl 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 Hoskote Branch
Contact 29716668
Bank Details Tumkur Grain Merchants Cooperative Bank Ltd Hoskote Branch TGMB0000030
Location Hoskote, Bangalore Rurl
City Hoskote
District Bangalore Rurl
State Karnataka
Pincode 562114
Country IN
Address Tgmc bank ltd.,no.2219/1842/1617/1210a, k r road, ward no.4, hoskote town, bangalore rural - 562114
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 560574016 for Hoskote Branch 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 560574016 of Tumkur Bank, Hoskote Branch branch makes the system almost error free and faster. Use of Tumkur Bank MICR codes for Hoskote Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Tumkur Grain Merchants Cooperative Bank Ltd are available with micr code -

>>Hoskote Branch

MICR code for Tgmc Bank Hoskote Branch

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 Hoskote Branch 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. 560574016 is the MICR code of Tumkur Grain Merchant Bank for Hoskote Branch branch. MICR code for Hoskote Branch 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 Hoskote Branch is presented in the table alongside.

Use of Tumkur Bank MICR code for Hoskote Branch branch in hoskote

The MICR code 560574016 is used in RBI cheque clearing process to identify the branch Hoskote Branch 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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