Find Chaitanya Godavari Grameena Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.
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-
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.
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.
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-
Apart from this, there are other means of finding these codes. Let's have a look at them as well-
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 contains information regarding the IFSC and MICR codes of every Indian bank. Therefore, you can visit the site to find them.
Bank's digital platforms like their website and mobile app are also one more source to get the IFSC and MICR code.
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.
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 is a DNS-based system which means money is sent in different batches. To send money via NEFT, you will need the following-
The NEFT service of Chaitanya Godavari bank is available 365 days a year, including holidays.
|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|
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-
|From Rs. 2 lakhs to 5 lakhs||Rs. 24.5+tax|
|Above Rs.5 lakhs||Rs. 49.5+taxes|
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-
Let's have a look into its charges-
|Upto Rs. 1 lakh||Rs. 5 per transaction|
|From Rs. 100001 to Rs. 2 Lakhs||Rs. 15 per transaction|
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-
No, Chaitanya Godavari Grameena Bank is a rural bank.
Yes, Chaitanya Godavari Grameena Bank is merged by combining two Gramin banks, Chaitanya Grameena Bank and Godavari Grameena Bank.
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.
The CGGB has a total of 221 branches.
You can check your CGGB balance online through their net banking portal and bank's mobile app.