Andhra Pradesh Grameena Vikas Bank Payakaraopet Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Payakaraopet 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	Satyavaram
Contact	9490157146
Bank Details	Andhra Pradesh Grameena Vikas Bank Satyavaram APGV0003348

Location	Payakaraopet, Visakhapatnam
City	Payakaraopet
District	Visakhapatnam
State	Andhra Pradesh
Pincode	531035
Country	IN
Address	Satyavaram 3348,visakapatnam dist.pin 531 035

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

A total of 7 branches of Andhra Pradesh Grameena Vikas Bank are available with micr code -

>>Gadicherla >>Gunupudi >>Nakkapalle >>Pedagummuluru >>Rajugari Beedu Payakaraopet >>Satyavaram >>Vempadu

MICR code for Andhra Pradesh Grameena Vikas Bank Satyavaram

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

Use of APGVB MICR code for Satyavaram branch in payakaraopet

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