Andhra Pradesh Co-Op Bank Guntur Guntur Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pradesh Co-Op Bank Guntur Guntur Andhra Pradesh

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MICR Code
Bank The Andhra Pradesh State Co-op Bank Ltd.
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Venugopala Nagar
Contact 0
Bank Details The Andhra Pradesh State Co-op Bank Ltd. Venugopala Nagar APBL0000008
Location Guntur, Guntur
City Guntur
District Guntur
State Andhra Pradesh
Pincode 522004
Country IN
Address Door no 26-46-38, venugopala nagar, ngo colony, guntur, guntur district- 522004
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Venugopala Nagar branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Andhra Pradesh State Co-Op Bank, Venugopala Nagar branch makes the system almost error free and faster. Use of Andhra Pradesh State Co-Op Bank MICR codes for Venugopala Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Pradesh Co-Op Bank Venugopala Nagar

Andhra Pradesh Co-Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Andhra Pradesh State Co-Op Bank MICR code for Venugopala Nagar is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of Andhra Pradesh State Bank for Venugopala Nagar branch. MICR code for Venugopala Nagar branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Andhra Pradesh State Co-Op Bank Venugopala Nagar is presented in the table alongside.

Use of Andhra Pradesh State Co-Op Bank MICR code for Venugopala Nagar branch in guntur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Venugopala Nagar and Andhra Pradesh State Co-Op Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Andhra Pradesh State Bank is typically in either of these two font’s: E-138 and CMC-7.

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