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Andhra Pragathi Grameena Bank Anantapur Anantapur Andhra Pradesh MICR CODE

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

MICR Code
Bank Andhra Pragathi Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Anantapur Ptc Branch
Contact 08554-270922
Bank Details Andhra Pragathi Grameena Bank Anantapur Ptc Branch APGB0001071
Location Anantapur, Anantapur
City Anantapur
District Anantapur
State Andhra Pradesh
Pincode 515001
Country IN
Address Anantapur * police training college br. Opp.police training college,, anantapur, anantapur district pin 515001
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 Anantapur Ptc Branch 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, Anantapur Ptc Branch branch makes the system almost error free and faster. Use of APGB MICR codes for Anantapur Ptc Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Pragathi Grameena Bank Anantapur Ptc Branch

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 Anantapur Ptc Branch 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 Anantapur Ptc Branch branch. MICR code for Anantapur Ptc Branch 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 Anantapur Ptc Branch is presented in the table alongside.

Use of APGB MICR code for Anantapur Ptc Branch branch in anantapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Anantapur Ptc Branch 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.