Andhra Pragathi Grameena Bank Paneam Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pragathi Grameena Bank Paneam Kurnool 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	Panyam
Contact	0
Bank Details	Andhra Pragathi Grameena Bank Panyam APGB0003173

Location	Paneam, Kurnool
City	Paneam
District	Kurnool
State	Andhra Pradesh
Pincode	518112
Country	IN
Address	D. No. 14-571, panyam village & post, panyam mandal kurnool district, pin-518 112

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

>>Panyam

MICR code for Andhra Pragathi Grameena Bank Panyam

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 Panyam 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 Panyam branch. MICR code for Panyam 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 Panyam is presented in the table alongside.

Use of APGB MICR code for Panyam branch in paneam

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