Andhra Pragathi Grameena Bank Rolla Anantapur Andhra Pradesh MICR CODE

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

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MICR Code	515703666
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	Ratnagiri
Contact	7382633813
Bank Details	Andhra Pragathi Grameena Bank Ratnagiri APGB0001099

Location	Rolla, Anantapur
City	Rolla
District	Anantapur
State	Andhra Pradesh
Pincode	515321
Country	IN
Address	D. No. 9/302 a, ratnagiri village & post, rolla mandal, anantapur. District, pin-515321

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 515703666 for Ratnagiri 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 515703666 of APGB, Ratnagiri branch makes the system almost error free and faster. Use of APGB MICR codes for Ratnagiri branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Andhra Pragathi Grameena Bank are available with micr code -

>>Basavanahalli >>Ratnagiri >>Rolla

MICR code for Andhra Pragathi Grameena Bank Ratnagiri

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 Ratnagiri 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. 515703666 is the MICR code of Andhra Pragathi Bank for Ratnagiri branch. MICR code for Ratnagiri 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 Ratnagiri is presented in the table alongside.

Use of APGB MICR code for Ratnagiri branch in rolla

The MICR code 515703666 is used in RBI cheque clearing process to identify the branch Ratnagiri 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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