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Andhra Pradesh Grameena Vikas Bank Kosgi Mahabubanagar Telangana MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Kosgi Mahabubanagar Telangana

MICR Code
Bank Andhra Pradesh Grameena Vikas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hakeempet
Contact 8331043826
Bank Details Andhra Pradesh Grameena Vikas Bank Hakeempet APGV0007211
Location Kosgi, Mahabubanagar
City Kosgi
District Mahabubanagar
State Telangana
Pincode 509339
Country IN
Address Gramapanchayat building , hakeempet, , hakeempet, hakeempet, 509350
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 Hakeempet 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 APGVB, Hakeempet branch makes the system almost error free and faster. Use of APGVB MICR codes for Hakeempet branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Gundumal >>Hakeempet >>Kosgi

MICR code for Andhra Pradesh Grameena Vikas Bank Hakeempet

Andhra Pradesh Grameena Vikas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. APGVB MICR code for Hakeempet 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 Pradesh Grameena Vikas Bank for Hakeempet branch. MICR code for Hakeempet 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 APGVB Hakeempet is presented in the table alongside.

Use of APGVB MICR code for Hakeempet branch in kosgi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Hakeempet and APGVB 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 Pradesh Grameena Vikas Bank is typically in either of these two font’s: E-138 and CMC-7.