Andhra Pradesh Grameena Vikas Bank Narayanpet Mahabubanagar Telangana MICR CODE

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

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MICR Code	509806302
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	Narayanpet
Contact	9490157347
Bank Details	Andhra Pradesh Grameena Vikas Bank Narayanpet APGV0007171

Location	Narayanpet, Mahabubanagar
City	Narayanpet
District	Mahabubanagar
State	Telangana
Pincode	509210
Country	IN
Address	Door no.4873,main road,narayanpet, p.o.narayanpeta,509210

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 509806302 for Narayanpet 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 509806302 of APGVB, Narayanpet branch makes the system almost error free and faster. Use of APGVB MICR codes for Narayanpet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Andhra Pradesh Grameena Vikas Bank are available with micr code -

>>Dhanwada >>Maddur >>Narayanpet

MICR code for Andhra Pradesh Grameena Vikas Bank Narayanpet

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 Narayanpet 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. 509806302 is the MICR code of Andhra Pradesh Grameena Vikas Bank for Narayanpet branch. MICR code for Narayanpet 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 Narayanpet is presented in the table alongside.

Use of APGVB MICR code for Narayanpet branch in narayanpet

The MICR code 509806302 is used in RBI cheque clearing process to identify the branch Narayanpet 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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