Andhra Pradesh Grameena Vikas Bank Badangi Vizianagaram Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Badangi Vizianagaram 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 Badangi
Contact 9490157053
Bank Details Andhra Pradesh Grameena Vikas Bank Badangi APGV0002201
Location Badangi, Vizianagaram
City Badangi
District Vizianagaram
State Andhra Pradesh
Pincode 535578
Country IN
Address Badangi 2201,vizianagaram dist,pin 535 578
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 Badangi 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 APGVB, Badangi branch makes the system almost error free and faster. Use of APGVB MICR codes for Badangi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Andhra Pradesh Grameena Vikas Bank are available with micr code -

>>Badangi

MICR code for Andhra Pradesh Grameena Vikas Bank Badangi

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 Badangi 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 Grameena Vikas Bank for Badangi branch. MICR code for Badangi 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 Badangi is presented in the table alongside.

Use of APGVB MICR code for Badangi branch in badangi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Badangi 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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