Andhra Pradesh Grameena Vikas Bank Raikode Sangareddy Telangana MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Raikode Sangareddy 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	Raikode
Contact	9490157372
Bank Details	Andhra Pradesh Grameena Vikas Bank Raikode APGV0008114

Location	Raikode, Sangareddy
City	Raikode
District	Sangareddy
State	Telangana
Pincode	502257
Country	IN
Address	Raikode 8114,raikode, medak dist,pin 502 257raikode 8114

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 Raikode 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, Raikode branch makes the system almost error free and faster. Use of APGVB MICR codes for Raikode 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 -

>>Raikode

MICR code for Andhra Pradesh Grameena Vikas Bank Raikode

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

Use of APGVB MICR code for Raikode branch in raikode

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