Tgmc Bank Shivamogga Shivamogga Karnataka MICR CODE

Find MICR Codes for Tgmc Bank Shivamogga Shivamogga 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 Shivamogga Branch
Contact 0
Bank Details Tumkur Grain Merchants Cooperative Bank Ltd Shivamogga Branch TGMB0000028
Location Shivamogga, Shivamogga
City Shivamogga
District Shivamogga
State Karnataka
Pincode 577201
Country IN
Address No.1, arkis arcade, tilak nagar main road, shivamogga - 577201.
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 577574202 for Shivamogga 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 577574202 of Tumkur Bank, Shivamogga Branch branch makes the system almost error free and faster. Use of Tumkur Bank MICR codes for Shivamogga 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 -

>>Shivamogga Branch

MICR code for Tgmc Bank Shivamogga 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 Shivamogga 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. 577574202 is the MICR code of Tumkur Grain Merchant Bank for Shivamogga Branch branch. MICR code for Shivamogga 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 Shivamogga Branch is presented in the table alongside.

Use of Tumkur Bank MICR code for Shivamogga Branch branch in shivamogga

The MICR code 577574202 is used in RBI cheque clearing process to identify the branch Shivamogga 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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