Andhra Pragathi Grameena Bank Naidu Palem Prakasam Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pragathi Grameena Bank Naidu Palem Prakasam Andhra Pradesh

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MICR Code	-NA-
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	Naidu Palem
Contact	08403-205050
Bank Details	Andhra Pragathi Grameena Bank Naidu Palem APGB0005130

Location	Naidu Palem, Prakasam
City	Naidu Palem
District	Prakasam
State	Andhra Pradesh
Pincode	523327
Country	IN
Address	Pullalacheruvu, mandal, prakasam district, 523327

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

A total of 1 branches of Andhra Pragathi Grameena Bank are available with micr code -

>>Naidu Palem

MICR code for Andhra Pragathi Grameena Bank Naidu Palem

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 Naidu Palem 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 Pragathi Bank for Naidu Palem branch. MICR code for Naidu Palem 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 Naidu Palem is presented in the table alongside.

Use of APGB MICR code for Naidu Palem branch in naidu palem

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