Andhra Pragathi Grameena Bank Guntakal Anantapur Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pragathi Grameena Bank Guntakal Anantapur Andhra Pradesh

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MICR Code	515703548
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	Nagasamudram
Contact	9491308346
Bank Details	Andhra Pragathi Grameena Bank Nagasamudram APGB0001091

Location	Guntakal, Anantapur
City	Guntakal
District	Anantapur
State	Andhra Pradesh
Pincode	515401
Country	IN
Address	Nagasamudram vil & po;guntakal mandal;anantapur district;pin-515 401

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 515703548 for Nagasamudram 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 515703548 of APGB, Nagasamudram branch makes the system almost error free and faster. Use of APGB MICR codes for Nagasamudram 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 -

>>Guntakal >>Nagasamudram

MICR code for Andhra Pragathi Grameena Bank Nagasamudram

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 Nagasamudram 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. 515703548 is the MICR code of Andhra Pragathi Bank for Nagasamudram branch. MICR code for Nagasamudram 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 Nagasamudram is presented in the table alongside.

Use of APGB MICR code for Nagasamudram branch in guntakal

The MICR code 515703548 is used in RBI cheque clearing process to identify the branch Nagasamudram 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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