Andhra Pradesh Grameena Vikas Bank Siddipet Siddipet Telangana MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Siddipet Siddipet Telangana

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MICR Code	502806203
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	Saraswathi Nagar
Contact	9440903957
Bank Details	Andhra Pradesh Grameena Vikas Bank Saraswathi Nagar APGV0008166

Location	Siddipet, Siddipet
City	Siddipet
District	Siddipet
State	Telangana
Pincode	502103
Country	IN
Address	Medak road,saraswathinagar,siddipet, p.o.head post office,502103

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 502806203 for Saraswathi Nagar 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 502806203 of APGVB, Saraswathi Nagar branch makes the system almost error free and faster. Use of APGVB MICR codes for Saraswathi Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Andhra Pradesh Grameena Vikas Bank are available with micr code -

>>Erravelly >>Hb Colony >>Kotilingala >>Mirdoddi >>Pregnapur >>Pullur >>Saraswathi Nagar >>Siddipet >>Siddipet Market Area

MICR code for Andhra Pradesh Grameena Vikas Bank Saraswathi Nagar

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 Saraswathi Nagar 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. 502806203 is the MICR code of Andhra Pradesh Grameena Vikas Bank for Saraswathi Nagar branch. MICR code for Saraswathi Nagar 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 Saraswathi Nagar is presented in the table alongside.

Use of APGVB MICR code for Saraswathi Nagar branch in siddipet

The MICR code 502806203 is used in RBI cheque clearing process to identify the branch Saraswathi Nagar 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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