Andhra Pragathi Grameena Bank Kondapuram Nellore Andhra Pradesh MICR CODE

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

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MICR Code	524703203
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	Kommi
Contact	7382600298
Bank Details	Andhra Pragathi Grameena Bank Kommi APGB0004123

Location	Kondapuram, Nellore
City	Kondapuram
District	Nellore
State	Andhra Pradesh
Pincode	524201
Country	IN
Address	Kommi village,kondapuram mandal,nellore districtpin-524201

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 524703203 for Kommi 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 524703203 of APGB, Kommi branch makes the system almost error free and faster. Use of APGB MICR codes for Kommi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Andhra Pragathi Grameena Bank are available with micr code -

>>Kommi >>Kondapuram

MICR code for Andhra Pragathi Grameena Bank Kommi

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 Kommi 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. 524703203 is the MICR code of Andhra Pragathi Bank for Kommi branch. MICR code for Kommi 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 Kommi is presented in the table alongside.

Use of APGB MICR code for Kommi branch in kondapuram

The MICR code 524703203 is used in RBI cheque clearing process to identify the branch Kommi 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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