Chaitanya Godavari Grameena Bank IFSC Code and MICR Code

Chaitanya Godavari Grameena Bank IFSC Code, MICR Code and SWIFT Code

The Indian Financial System Code (IFSC) is an eleven-character code that was introduced for seamless online fund transfers. The code comprises both letters and numbers, which help in the identification of bank branches. The Chaitanya Godavari Grameena bank IFSC code also serves the same purpose.

The MICR code is used in the faster clearing of cheques. The MICR code is printed using magnetic ink technology, which also helps in locating bank branches. 

Throughout this article, you'll find answers to questions regarding IFSC and MICR codes. You'll also get to learn about their usage, advantages, and so on. Therefore let's begin- 

Chaitanya Godavari Grameena Bank IFSC Code

The Chaitanya Godavari Grameena Bank IFSC code comprises eleven characters, including both letters and numbers. The first four characters here stand for the bank's name, the fifth character is zero, and the last six numbers symbolize the branch code.

For example, the Chaitanya Godavari Grameena Bank Amalapuram branch IFSC code is ANDB0CG7136. As the bank was sponsored by the Andhra Bank, hence the first four letters of the IFSC code represent the Andhra Bank. The fifth number is zero, and the last six numbers stand for the branch name.

IFSC code is extremely important to make any digital fund transfers. If you are sending money through NEFT or RTGS, entering the IFSC code is a must. Without entering the correct IFSC code, you won't be able to send the money. Moreover, make sure to enter the correct code to avoid any transaction discrepancies. 

Chaitanya Godavari Grameena Bank MICR Code

Another crucial financial code that plays an important part in fund transfers is the MICR code. It is called the magnetic ink character recognition code. Unlike the IFSC code, which is needed during online payments, the MICR code is required for cheque clearance. 

The MICR code also identifies bank branches that have the facility of Electronic Clearing System (ECS). There are three parts to a MICR code. The first part represents the city code, the mid part represents the bank code, and the final part represents the branch code. 

The MICR code is only composed of numbers, and it is a nine numeric code. You will find the code in your bank cheque book and passbook. An example of Chaitanya Godavari Grameena Bank Adilabad branch MICR code is 504011002. 

How to Find the IFSC Code and MICR Code of Chaitanya Godavari Grameena Bank?

One of the easiest ways of finding the Chaitanya Godavari Grameena Bank IFSC code and MICR code is through the find your bank website and mobile app. The find your bank site contains information regarding every branch of Chaitanya Godavari Grameena Bank; hence it is one of the reliable sites to refer to.

 

To find the respective codes from the find your bank site, you need to follow these steps- 

• Visit the find your bank website 
• On the home page, you'll find options to select the bank name
• State 
• District 
• The location 
• After selecting all these respective codes, you will find the IFSC and MICR codes. 

Apart from this, there are other means of finding these codes. Let's have a look at them as well- 

Bank Passbook and Cheque Book

The bank passbook and chequebook are another secure way of finding the Chaitanya Godavari Grameena Bank IFSC code and MICR codes. You will find them in the cheque and passbook leaves.

The Reserve Bank of India Website

The Reserve Bank of India contains information regarding the IFSC and MICR codes of every Indian bank. Therefore, you can visit the site to find them.

Chaitanya Godavari Bank Digital Platforms

Bank's digital platforms like their website and mobile app are also one more source to get the IFSC and MICR code. 

Chaitanya Godavari Bank Customer Care Service

If you find difficulty in finding the codes through any of the above means, you can ring up the customer care service. The bank's customer care service will definitely help you get these codes. 

How to Transfer Money Through the NEFT, IMPS, and RTGS Process of Chaitanya Godavari Grameena Bank?

The availability of various funds transfer methods like NEFT, RTGS, and IMPS have made sending money quite easy. Let's find out the information related to different means- 

NEFT

NEFT is a DNS-based system which means money is sent in different batches. To send money via NEFT, you will need the following- 

• Beneficiary account number and name 
• Beneficiary IFSC code
• Beneficiary bank name and branch name 
• Amount to be transferred

The NEFT service of Chaitanya Godavari bank is available 365 days a year, including holidays.

Amount	Charges
Upto Rs. 10,000	Rs. 2.5+tax
From Rs. 10,001 to Rs. 1 Lakhs	Rs. 4.75+tax
Rs. 1 lakh to Rs. 2 lakhs	Rs. 14.25+tax
Rs. 2 lakhs and above	Rs. 24.75+tax

 

RTGS

You will have to use the RTGS payment method when you make high-value fund transfers. The information required for RTGS fund transfer is the same as NEFT. Chaitanya Godavari RTGS services are also available all through the year. The charges of RTGS is as follows- 

Amount	Charges
From Rs. 2 lakhs to 5 lakhs	Rs. 24.5+tax
Above Rs.5 lakhs	Rs. 49.5+taxes

 

IMPS

IMPS is mainly used when you have to make an instant fund transfer. The Chaitanya Godavari Grameena Bank IMPS services are available 24*7 all around the year. To send money via IMPS, you will need- 

• Your MMID code 
• Beneficiary's MMID 
• Beneficiary account number 
• Your mobile number 
• Beneficiary AADHAR number 
• IFSC code of beneficiary's bank

Let's have a look into its charges- 

Amount	Charges
Upto Rs. 1 lakh	Rs. 5 per transaction
From Rs. 100001 to Rs. 2 Lakhs	Rs. 15 per transaction

 

About Chaitanya Godavari Grameena Bank

Chaitanya Godavari Grameena Bank was established by combining Chaitanya Grameena Bank and Godavari Grameena Bank by Union Bank of India in 2006. It is a regional rural bank and has its headquarters in Guntur, Andhra Pradesh. The current net worth of the bank is Rs. 504.84 crores, and it has 221 branches spreading in the state. 

The savings account interest for Chaitanya Bank is- 

• For savings, up to 25 lakhs or above is 2.90% p.a. 

FAQs

1) Is Chaitanya Godavari Grameena Bank a national bank?

No, Chaitanya Godavari Grameena Bank is a rural bank.

2) Is Chaitanya Godavari Grameena Bank merged?

Yes, Chaitanya Godavari Grameena Bank is merged by combining two Gramin banks, Chaitanya Grameena Bank and Godavari Grameena Bank.

3) How do I check my CGGB balance?

You can check the CGGB balance by calling 18004256708 (free of cost). You can also check the CGGB balance in the ATM or by updating your passbook.

4) How many branches are there in Chaitanya Godavari Grameena Bank?

The CGGB has a total of 221 branches.

5) How can I check my Chaitanya Godavari Grameena Bank balance online?

You can check your CGGB balance online through their net banking portal and bank's mobile app.