Tumkur Grain Merchant's Co-operative Bank Chitradurga Branch
Chitradurga Branch · Chitradurga, Karnataka
577574502 is the MICR code for the Chitradurga Branch branch of Tumkur Grain Merchant's Co-operative Bank, located in Chitradurga, 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 TGMB0000015.
Bank
Tumkur Grain Merchant's Co-operative Bank
Branch & Address
Chitradurga Branch
Swanthal Centre, B.d.road, Chitradurga 577501
Chitradurga, Chitradurga, Karnataka
MICR Code Structure
577
City
574
Bank
502
Branch
City code 577 identifies the RBI clearing centre, bank code 574 identifies Tumkur Grain Merchant's Co-operative Bank, and branch code 502 identifies this specific branch.
Online Payment Methods Supported
Other Tumkur Grain Merchant's Co-operative Bank branches near Chitradurga
Other banks in Chitradurga, Karnataka
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 (TGMB0000015) 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 577574502 is in the middle, and your account number is on the right.