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 H.B.Colony Vsp
Contact 8333989025
Bank Details Andhra Pradesh Grameena Vikas Bank H.B.Colony Vsp APGV0003389
Location Visakhapatnam, Visakhapatnam
City Visakhapatnam
District Visakhapatnam
State Andhra Pradesh
Pincode 530017
Country IN
Address Branch h.b.colony, near venkojipalem, ,gvmc limits, ,city visakhapatnam,district visakhapatnam. A.p. Pin530022
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 H.B.Colony Vsp 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, H.B.Colony Vsp branch makes the system almost error free and faster. Use of APGVB MICR codes for H.B.Colony Vsp branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Pradesh Grameena Vikas Bank H.B.Colony Vsp

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 H.B.Colony Vsp 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 H.B.Colony Vsp branch. MICR code for H.B.Colony Vsp 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 H.B.Colony Vsp is presented in the table alongside.

Use of APGVB MICR code for H.B.Colony Vsp branch in visakhapatnam

The MICR code 0 is used in RBI cheque clearing process to identify the branch H.B.Colony Vsp 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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