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Andhra Pragathi Grameena Bank Raketla Anantapur Andhra Pradesh MICR CODE

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

MICR Code
Bank Andhra Pragathi Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raketla
Contact 08496-200033
Bank Details Andhra Pragathi Grameena Bank Raketla APGB0001060
Location Raketla, Anantapur
City Raketla
District Anantapur
State Andhra Pradesh
Pincode 515812
Country IN
Address Raketla-515812 uravakonda mandal anantapur 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.

Search Andhra Pragathi Grameena Bank MICR Codes in anantapur

You can search through MICR Codes of Andhra Pradesh branches in raketla of District anantapur in Andhra Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Andhra Pragathi Grameena Bank are available with micr code -

>>Raketla

How to find MICR codes for Andhra Pragathi Grameena Bank in raketla?

Andhra Pragathi Grameena Bank raketla MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From APGB MICR codes list for raketla, one can further search by branch name specified in the table. You can find MICR codes for all Andhra Pragathi Grameena Bank raketla branches.

APGB MICR code in raketla

Andhra Pragathi Grameena Bank MICR code is a character recognition technology used by banks in the processing of cheques. APGB MICR code for raketla branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Andhra Pragathi Bank branches in raketla, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Andhra Pragathi Bank MICR code for raketla branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Andhra Pragathi Grameena Bank raketla branch, sprinted 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. Thus MICR code for APGB raketla branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Andhra Pragathi Bank MICR codes for raketla branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!