Andhra Pradesh Grameena Vikas Bank Anakapalle Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Anakapalle Visakhapatnam Andhra Pradesh

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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	Parawada
Contact	9440908386
Bank Details	Andhra Pradesh Grameena Vikas Bank Parawada APGV0003305

Location	Anakapalle, Visakhapatnam
City	Anakapalle
District	Visakhapatnam
State	Andhra Pradesh
Pincode	531021
Country	IN
Address	Parawada,vsp dist.531 021

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

A total of 12 branches of Andhra Pradesh Grameena Vikas Bank are available with micr code -

>>Anakapalle >>Atchutapuram >>Haripalem >>Kasimkota >>Kothur Junction >>M.Jagannathapuram >>Nehru Chowk Anakapalli >>Parawada >>Sabbavaram >>Sirasapalli >>Tallapalem >>Thummapala

MICR code for Andhra Pradesh Grameena Vikas Bank Parawada

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

Use of APGVB MICR code for Parawada branch in anakapalle

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