Tumkur Grain Merchant's Co-operative Bank Hoskote Branch
Hoskote Branch · Bangalore Rurl, Karnataka
560574016 is the MICR code for the Hoskote Branch branch of Tumkur Grain Merchant's Co-operative Bank, located in Bangalore Rurl, Karnataka. 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 TGMB0000030.
Bank
Tumkur Grain Merchant's Co-operative Bank
Branch & Address
Hoskote Branch
Tgmc Bank Ltd., No.2219/1842/1617/1210a, K R Road, Ward No.4, Hoskote Town, Bangalore Rural - 562114
Bangalore Rurl, Hoskote, Karnataka
Contact
+918029716668MICR Code Structure
560
City
574
Bank
016
Branch
City code 560 identifies the RBI clearing centre, bank code 574 identifies Tumkur Grain Merchant's Co-operative Bank, and branch code 016 identifies this specific branch.
Online Payment Methods Supported
Other Tumkur Grain Merchant's Co-operative Bank branches near Bangalore Rurl
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 (TGMB0000030) 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 560574016 is in the middle, and your account number is on the right.