IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.
TUMKUR GRAIN MERCHANTS COOPERATIVE BANK LIMITED ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main
payment and settlement systems in India.
1) RTGS : Real Time Gross Settlement
2) NEFT : National Electronic Fund Transfer
For Example :
TUMKUR GRAIN MERCHANTS COOPERATIVE BANK LIMITED ifsc code : TGMB0000021 is 11 digit Unique IFSC Code.
First 4 characters represents Bank Code : TGMB for Bank : TUMKUR GRAIN MERCHANTS COOPERATIVE BANK LIMITED
5th character is Zero and it is reserved for future reference
Last 6 characters represents Branch Code : 000021 for Bank Branch YELAHANKA BRANCH
Anatomy of a Cheque
The above image represent cheque format which locates IFSC Code and MICR Code in Red Box
MICR code for tumkur grain merchants cooperative bank limited represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.
MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).
MICR Code for TUMKUR GRAIN MERCHANTS COOPERATIVE BANK LIMITED : 560574010 is 9 digit Unique MICR Code.
First 3 digits represents CityCode Code : 560 for City : BENGALURU
Middle 3 digits reprents Bank Code: 574 for Bank : TUMKUR GRAIN MERCHANTS COOPERATIVE BANK LIMITED
Last 3 digits represents Branch Code : 401 for Bank Branch YELAHANKA BRANCH
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