Andhra Pragathi Grameena Bank Petnikota Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pragathi Grameena Bank Petnikota Kurnool Andhra Pradesh

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MICR Code
Bank Andhra Pragathi Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Petnikota
Contact 08510-201446
Bank Details Andhra Pragathi Grameena Bank Petnikota APGB0003097
Location Petnikota, Kurnool
City Petnikota
District Kurnool
State Andhra Pradesh
Pincode 518123
Country IN
Address Petnikota-518123 kolimigundla mandal kurnool district
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 Petnikota 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, Petnikota branch makes the system almost error free and faster. Use of APGB MICR codes for Petnikota 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 -

>>Petnikota

MICR code for Andhra Pragathi Grameena Bank Petnikota

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

Use of APGB MICR code for Petnikota branch in petnikota

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