Andhra Pradesh Grameena Vikas Bank Visakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Visakhapatnam Visakhapatnam Andhra Pradesh

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MICR Code
Bank Andhra Pradesh Grameena Vikas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Adivivaram
Contact 9490157155
Bank Details Andhra Pradesh Grameena Vikas Bank Adivivaram APGV0003363
Location Visakhapatnam, Visakhapatnam
City Visakhapatnam
District Visakhapatnam
State Andhra Pradesh
Pincode 530028
Country IN
Address Adivivaram 3363, 777, adivivaram,vsp dist. Pin 530 028
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 530806010 for Adivivaram 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 530806010 of APGVB, Adivivaram branch makes the system almost error free and faster. Use of APGVB MICR codes for Adivivaram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Pradesh Grameena Vikas Bank Adivivaram

Andhra Pradesh Grameena Vikas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. APGVB MICR code for Adivivaram 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. 530806010 is the MICR code of Andhra Pradesh Grameena Vikas Bank for Adivivaram branch. MICR code for Adivivaram 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 APGVB Adivivaram is presented in the table alongside.

Use of APGVB MICR code for Adivivaram branch in visakhapatnam

The MICR code 530806010 is used in RBI cheque clearing process to identify the branch Adivivaram and APGVB 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 Grameena Vikas Bank is typically in either of these two font’s: E-138 and CMC-7.

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