Andhra Pradesh Grameena Vikas Bank Veltoor Nagarkurnool Telangana MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Veltoor Nagarkurnool 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	Veltoor
Contact	8331010420
Bank Details	Andhra Pradesh Grameena Vikas Bank Veltoor APGV0007199

Location	Veltoor, Nagarkurnool
City	Veltoor
District	Nagarkurnool
State	Telangana
Pincode	509219
Country	IN
Address	Veltoor, uppunuthala(m), mahaboobnagar (d) 509376

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

>>Veltoor

MICR code for Andhra Pradesh Grameena Vikas Bank Veltoor

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

Use of APGVB MICR code for Veltoor branch in veltoor

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