Tgmc Bank Tiptur Tumkur Karnataka MICR CODE

Find MICR Codes for Tgmc Bank Tiptur Tumkur 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 Tiptur Branch
Contact Kalpana - 9902258275,08134-250423
Bank Details Tumkur Grain Merchants Cooperative Bank Ltd Tiptur Branch TGMB0000006
Location Tiptur, Tumkur
City Tiptur
District Tumkur
State Karnataka
Pincode 572201
Country IN
Address Makan road, kamadhenu building,tiptur -572201
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 572574202 for Tiptur 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 572574202 of Tumkur Bank, Tiptur Branch branch makes the system almost error free and faster. Use of Tumkur Bank MICR codes for Tiptur 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 -

>>Tiptur Branch

MICR code for Tgmc Bank Tiptur 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 Tiptur 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. 572574202 is the MICR code of Tumkur Grain Merchant Bank for Tiptur Branch branch. MICR code for Tiptur 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 Tiptur Branch is presented in the table alongside.

Use of Tumkur Bank MICR code for Tiptur Branch branch in tiptur

The MICR code 572574202 is used in RBI cheque clearing process to identify the branch Tiptur 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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