Andhra Pragathi Grameena Bank Gudur Nellore Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pragathi Grameena Bank Gudur Nellore Andhra Pradesh

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MICR Code	524703106
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	Chillakuru
Contact	7382600297
Bank Details	Andhra Pragathi Grameena Bank Chillakuru APGB0004122

Location	Gudur, Nellore
City	Gudur
District	Nellore
State	Andhra Pradesh
Pincode	524412
Country	IN
Address	Near post office,chillakur village,chillakur mandal,nellore district,pin-524 412

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 524703106 for Chillakuru 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 524703106 of APGB, Chillakuru branch makes the system almost error free and faster. Use of APGB MICR codes for Chillakuru branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Andhra Pragathi Grameena Bank are available with micr code -

>>Chillakuru >>Duvvur Ramanamma Womens College >>Gudur(N) >>Malavya Nagar Branch Gudur

MICR code for Andhra Pragathi Grameena Bank Chillakuru

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 Chillakuru 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. 524703106 is the MICR code of Andhra Pragathi Bank for Chillakuru branch. MICR code for Chillakuru 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 Chillakuru is presented in the table alongside.

Use of APGB MICR code for Chillakuru branch in gudur

The MICR code 524703106 is used in RBI cheque clearing process to identify the branch Chillakuru 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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