Chhattisgarh Rajya Gramin Bank Pharasgaon
Pharasgaon · Kondagaon, Chhattisgarh
494521538 is the MICR code for the Pharasgaon branch of Chhattisgarh Rajya Gramin Bank, located in Kondagaon, Chhattisgarh. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code CRGB0001122.
Bank
Chhattisgarh Rajya Gramin Bank
Branch & Address
Pharasgaon
Main Road Pharasgaon 494228
Kondagaon, Pharasgaon, Chhattisgarh
Contact
+916232032422MICR Code Structure
494
City
521
Bank
538
Branch
City code 494 identifies the RBI clearing centre, bank code 521 identifies Chhattisgarh Rajya Gramin Bank, and branch code 538 identifies this specific branch.
Online Payment Methods Supported
Other Chhattisgarh Rajya Gramin Bank branches near Kondagaon
Other banks in Kondagaon, Chhattisgarh
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (CRGB0001122) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 494521538 is in the middle, and your account number is on the right.