Andhra Pradesh Grameena Vikas Bank Lingampally Sangareddy Telangana MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Lingampally Sangareddy Telangana

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MICR Code	500806002
Bank	Andhra Pradesh Grameena Vikas Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ashoknagar
Contact	9440903959
Bank Details	Andhra Pradesh Grameena Vikas Bank Ashoknagar APGV0008115

Location	Lingampally, Sangareddy
City	Lingampally
District	Sangareddy
State	Telangana
Pincode	502032
Country	IN
Address	Ashoknagar,ashoknagar, rc puram,medak dist. 502 032

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 500806002 for Ashoknagar 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 500806002 of APGVB, Ashoknagar branch makes the system almost error free and faster. Use of APGVB MICR codes for Ashoknagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Andhra Pradesh Grameena Vikas Bank are available with micr code -

>>Ashoknagar >>Bandamkommu >>Bhel Ts >>Lig Colony >>Madhavapuri Hills >>Mig Colony >>Tellapur

MICR code for Andhra Pradesh Grameena Vikas Bank Ashoknagar

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 Ashoknagar 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. 500806002 is the MICR code of Andhra Pradesh Grameena Vikas Bank for Ashoknagar branch. MICR code for Ashoknagar 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 Ashoknagar is presented in the table alongside.

Use of APGVB MICR code for Ashoknagar branch in lingampally

The MICR code 500806002 is used in RBI cheque clearing process to identify the branch Ashoknagar 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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