Andhra Pragathi Grameena Bank Ongole Prakasam Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pragathi Grameena Bank Ongole Prakasam Andhra Pradesh

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MICR Code	523703004
Bank	Andhra Pragathi Grameena Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Alluru
Contact	7382609271
Bank Details	Andhra Pragathi Grameena Bank Alluru APGB0005216

Location	Ongole, Prakasam
City	Ongole
District	Prakasam
State	Andhra Pradesh
Pincode	523286
Country	IN
Address	Alluru vil &po, kothapatnam mandal, prakasam district, pin-523 286

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 523703004 for Alluru 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 523703004 of APGB, Alluru branch makes the system almost error free and faster. Use of APGB MICR codes for Alluru branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Andhra Pragathi Grameena Bank are available with micr code -

>>Alluru >>Gandhi Bazar Ongole >>Inamanamellore >>Marlapadu >>Mungamur Road Ongole Branch >>Ongole Housing Board Colony >>Ongole Kammapalem >>Ongole Main >>Ongole Market Centre >>Ongole Ro >>Pernamitta >>Throvagunta >>Ulchi

MICR code for Andhra Pragathi Grameena Bank Alluru

Andhra Pragathi Grameena Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. APGB MICR code for Alluru 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. 523703004 is the MICR code of Andhra Pragathi Bank for Alluru branch. MICR code for Alluru 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 APGB Alluru is presented in the table alongside.

Use of APGB MICR code for Alluru branch in ongole

The MICR code 523703004 is used in RBI cheque clearing process to identify the branch Alluru and APGB 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 Pragathi Bank is typically in either of these two font’s: E-138 and CMC-7.

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