Andhra Pradesh Grameena Vikas Bank Mahabubnagar Mahabubanagar Telangana MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Mahabubnagar Mahabubanagar Telangana

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MICR Code	-NA-
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	Koilkonda
Contact	8331010460
Bank Details	Andhra Pradesh Grameena Vikas Bank Koilkonda APGV0007203

Location	Mahabubnagar, Mahabubanagar
City	Mahabubnagar
District	Mahabubanagar
State	Telangana
Pincode	509371
Country	IN
Address	H.no. 8126/51/t, main road, bc colony, koilkonda, koilkonda, 509371

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

A total of 14 branches of Andhra Pradesh Grameena Vikas Bank are available with micr code -

>>Bhageeratha Colony >>Bhootpur >>Elkicherla >>Hanwada >>Koilkonda >>Kondapur >>Mahabubnagar >>Moosapet >>Nawabpet >>Old Palamoor >>Padmavathi Colony >>Ramchandrapur >>Vepur >>Yenugonda

MICR code for Andhra Pradesh Grameena Vikas Bank Koilkonda

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 Koilkonda 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 Koilkonda branch. MICR code for Koilkonda 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 Koilkonda is presented in the table alongside.

Use of APGVB MICR code for Koilkonda branch in mahabubnagar

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