Telangana Grameena Bank IFSC Code and MICR Code

Find Telangana Grameena Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.

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Telangana Grameena Bank IFSC Code, MICR Code and SWIFT Code

Electronic payment systems are making transactions easy, time-saving, and queueless. Your Telangana Grameena Bank IFSC code is what will help you complete these electronic payments. You must be wondering, what actually is an IFSC code?

The IFSC is a distinct code assigned to all the branches of banks present in India. It is issued under the guidance of the Reserve Bank of India. It helps to provide unique identification to a branch, and it also facilitates interbank communication. Without the IFSC code, banks won’t be able to authenticate payments and process them.

The MICR code, on the contrary, is a credential present on your cheque leaf. It aids in the processing and clearance of cheques. To further understand the significance of these codes and how they work, refer to the detailed guide ahead.

Telangana Grameena Bank IFSC Code

The Telangana Grameena Bank IFSC code is an eleven-digit alphanumeric code that indicates your branch. It can usually be found in the cheque book. The Telangana Grameena Bank Himayath Nagar branch IFSC code is ‘SBIN0RRDCGB.’ The first four characters (SBIN) are indicative of your bank name, the fifth character is always a zero (0), and the last six characters (RRDCGB) present the branch code.

Telangana Grameena Bank IFSC Code

Banks look into the IFSC codes for this coded information in order to understand where the payment has stemmed from and which is the recipient branch. This helps in routing interbank communication during payments and makes the transfers secure and reliable. RBI also uses this code to keep track of the payments for security purposes.

Telangana Grameena Bank MICR Code

The Telangana Grameena Bank MICR code, just like any other MICR code, is printed using the Magnetic Ink Character Recognition technology. This magnetic ink can be read to authenticate and process cheque payments.

It is a nine-digit code that helps in recognizing the bank and the branch involved in the Electronic Clearing System. In the case of Telangana Grammena Bank, the MICR code of Dilsukhnagar branch is ‘500707002.’  Here the first three digits (500) give you the city code and are aligned with the pin code, the following three (707) represent the bank, and the last three (002) are indicative of the branch code.

The MICR code can always be found on any cheque leaf. It is printed next to the cheque number towards the bottom.

How to find the IFSC Code & MICR Code of Telangana Grameena Bank?

Being aware of your IFSC and MICR code is very crucial to redeem optimum banking services. You can find the IFSC and MICR codes quite easily in multiple ways. 

How to find the IFSC Code & MICR Code of Telangana Grameena Bank

Find Your Bank

Find Your Bank is a website that curates all the important banking credentials required by customers. You can redeem various banking-related services here. It can be stated as one of the most convenient ways to get a hold of these codes. To get your IFSC and MICR code, visit their website and enter:

  • Name of your bank
  • State
  • District
  • Branch
  • Click ‘Enter’

When you fill-up the details and click on enter, the procedure will be complete, and you will be able to obtain the required codes. What makes it so convenient is that Find Your Bank has a mobile application accessible anywhere and anytime. 

If you feel confused with other procedures, this is one of the best options for you to try.

Bank documents

telangana grameena bank cheque book

Your bank documents always contain your bank credentials. The IFSC and MICR codes can be located on your bank passbook as well as cheque book. You will be able to find it on the initial page of the passbook and amidst the credentials mentioned on the cheque leaf. 

RBI

The website of the Reserve Bank of India stores all the IFSC and MICR codes of all branches of the banks present in India. To find the codes, you just need to go to the official website of RBI, surf for available options, and select the appropriate one.

Netbanking or Mobile banking

The Netbanking or Mobile banking platform of your bank also contains all your necessary credentials. You need to log in to the respective platform and look for the available options to obtain the codes. 

Contact the Bank

In case these ways do not help you obtain the codes, you can call the customer care of your bank or even visit the branch in person. They will definitely guide you for the same.

How to Transfer Money through Telangana Grameena Bank NEFT, RTGS & IMPS processes?

Making electronic payments using your Telangana Grameena Bank IFSC code allows you to make payments in your comfort as well as ensures speed and reliability. Compared to all other conventional fund transfer methods, electronic payments like NEFT, RTGS, and IMPS are way more efficient and advantageous.

How to Transfer Money through Telangana Grameena Bank NEFT, RTGS & IMPS processes

However, to use these services, you need to have some important details apart from the IFSC code. They are:

  • Amount of transaction
  • Name of the bank of the beneficiary
  • Name of the beneficiary
  • Account number of remitter
  • Account number of the beneficiary
  • IFSC Code of the beneficiary’s bank branch
  • Sender to receiver information, if applicable

If you possess these details, you can easily complete the transactions. Each fund transfer method is explained in detail ahead.

NEFT or National Electronic Fund Transfer

The National Electronic Fund Transfer, commonly called NEFT, is a type of online transaction method. It was developed by the Reserve Bank of India for the purpose of ease of payments and to avoid any hassle. NEFT transactions work in settlements of batches and follow the Deferred Net Settling or DNS system.

Telangana Grameena Bank service has the following features-

Timings Available all times
Charges applicable

For outward Remittances

Up to Rs. 10000: Rs.2/- 

For Rs. 10000 up to Rs.1 lakh: Rs.5/-

1 lakh up to 2 lakhs: Rs.15/-

Above Rs. 2 lakhs: Rs.25/-

Settlement Batches
Maximum and Minimum limits No limits applicable

GST applicable

To successfully finish payment through the NEFT service, go to the Netbanking or Mobile banking service of Telangana Grameena Bank. Log in to the respective platform with your user ID and password. Then, go to the NEFT option from fund transfer options and enter the necessary details to add a beneficiary, and complete the payment. 

Before you confirm, carefully look at the terms and conditions. After reviewing all the details, you have entered, complete the transaction.

RTGS

Real-Time Gross Settlement or RTGS payment has settlements in real-time; that is, your transactions are completed when they are received. RTGS works based on an individual or gross system. RTGS payments are not reversible, and it is selected usually for higher amounts.

Timings Bank working hours
Charges applicable

For Rs. 2 lakhs – Rs. 5 lakhs: Rs.20/-

Above Rs. 5 lakhs: Rs.40/-

Settlement Real-time
Minimum and maximum limit

The minimum limit is Rs. 2 lakhs

No maximum limit

To utilize the Telangana Grameena Bank RTGS service, log in to their Netbanking or Mobile banking service with your respective username and password. Like mentioned earlier, apart from your Telangana Grameena Bank IFSC code, you will also need to have some important credentials ready with you.

Once you log in, go to the ‘Fund Transfer’ option and select the RTGS fund transfer, after which you have to fill in the details. Add the beneficiary and the transaction amount carefully. Before moving on, read the terms and conditions and review your inputs. If everything looks proper, complete the transaction.

IMPS or Immediate Payment Service

IMPS or Immediate Payment Service is another electronic payment system. However, it stands out as it settles instantly and is available for you at all times, round the clock, even on the holidays. IMPS transactions are rapid, convenient, and efficient at the same time. 

To avail of the IMPS service, go to the net banking or mobile banking platform of Telangana Grameena Bank and log in with your credentials. After logging in, look for the IMPS payment option and make sure to possess the following details.

  • MMID (Mobile Money Identifier) code 
  • MMID code of the beneficiary
  • Account number of the beneficiary
  • Your mobile number 
  • The AADHAR card number of beneficiary
  • IFSC code of beneficiary’s branch
Timings Available anytime
Settlement Instant
Charges

For a transaction up to Rs. 1 lakh - Rs. 5

For a transaction up to Rs. 1 lakh to Rs. 2 lakhs - Rs. 15

Minimum limit

Rs. 1

Maximum limit Rs. 2 Lakhs

To utilize the IMPS service of Telangana Grameena Bank, you need to access the bank’s mobile application. There, log in with your respective username and password. Once you are logged in, look for the ‘IMPS’ option from the fund transfer options. Then enter all the above-mentioned details. You will be provided with a unique passcode which you need to input for verification of your payment. 

Once you verify, you will receive a confirmation text message along with the transaction number on your registered mobile number. This would assure the successful completion of the transaction. You can use the transaction number provided to you to track the transaction, and it will also aid in raising queries in case of any inconvenience.

About Telangana Grameena Bank

Telangana Grameena Bank is a scheduled government bank formed by the amalgamation of four regional rural banks carried out by the State Bank of Hyderabad. Earlier it was named ‘Deccan Grameena Bank,’ which was changed to Kerala Grameena Bank in the year 2014 by the Government of India.

About Telangana Grameena Bank

TGB is focused on providing efficient and transparent services to all its customers. It is also working towards complete financial inclusion, upliftment of the rural community, betterment of women and self-help groups, etc., through their quality services. It is coming up to be a leading bank with growing power and popularity among the customers.

Telangana Grameena Bank has many account types available, but they are in general of two types- Savings and Current. Details on both account types are given below:

Savings account

Eligibility- Resident individuals, Hindu undivided families, Minors above 10(eligible for a self-operated minor account)

Documents: Photographs, identification proof, other required documents for minors

No minimum balance required

Current account

Eligibility- Resident individuals, Joint accounts, partnerships, firms, associations, religious institutions, etc. (as specified by RBI)

Documents: Photographs, identification proof, partnership deed, documents for associations and registrations, etc., as specified by the bank.

Stipulated monthly average balance

Rural: Rs. 2500

Non-rural: Rs. 5000

Visit the bank website for more schemes and in-depth details.

FAQs:

1) Is Telangana Grameena Bank a nationalized bank?

Yes, it is a scheduled bank under the Regional Rural Bank Act 1976. It is monitored by the Reserve Bank of India. It provides quality services to the customer and is highly reliable.

2) Is internet banking safe?

Internet banking is one of the safest and most time-saving transaction methods. All your data is safe, and everything is monitored by a tight security system. The important details like the IFSC code are noted by the banks to ensure safe completion of the payment.

3) What is the purpose of the Telangana Grameena Bank IFSC code?

Your Telangana Grameena Bank IFSC Code is one unique identification code that represents or indicates your branch. Having the IFSC code with you is mandatory to initiate and complete online fund transfers through NEFT, RTGS, and IMPS. It also helps to track the status of the payments as well as aids in communication between involved banks.

4) What is the difference between NEFT and RTGS?

NEFT is processed in batches. On the other hand, RTGS payments are settled in a gross system. Payments through RTGS can be made during the RTGS business hours in a real-time approach. Payments through NEFT are available round the clock..

5) What is MMID?

MMID or the Mobile Money Identifier code comprises seven digits and is issued by the respective bank for the customers who are registered on Mobile banking. MMID code is mandatory to complete a fund transfer through an IMPS transaction.