Andhra Pragathi Grameena Bank Gugudu Anantapur Andhra Pradesh MICR CODE

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

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MICR Code	515703743
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	Narpala
Contact	9490158245
Bank Details	Andhra Pragathi Grameena Bank Narpala APGB0001072

Location	Gugudu, Anantapur
City	Gugudu
District	Anantapur
State	Andhra Pradesh
Pincode	515435
Country	IN
Address	Narpala, narpala (mandal), anantapur (dist) - 515435

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 515703743 for Narpala 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 515703743 of APGB, Narpala branch makes the system almost error free and faster. Use of APGB MICR codes for Narpala 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 -

>>Gugudu >>Narpala

MICR code for Andhra Pragathi Grameena Bank Narpala

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 Narpala 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. 515703743 is the MICR code of Andhra Pragathi Bank for Narpala branch. MICR code for Narpala 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 Narpala is presented in the table alongside.

Use of APGB MICR code for Narpala branch in gugudu

The MICR code 515703743 is used in RBI cheque clearing process to identify the branch Narpala 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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