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Andhra Pradesh Grameena Vikas Bank Kothagudem Bhadradri Kothagudem Telangana MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Kothagudem Bhadradri Kothagudem Telangana

Bank
State
District
City
Branch
Address

MICR Code	507806102
Bank	Andhra Pradesh Grameena Vikas Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kothagudem
Contact	9490157215
Bank Details	Andhra Pradesh Grameena Vikas Bank Kothagudem APGV0004168

Location	Kothagudem, Bhadradri Kothagudem
City	Kothagudem
District	Bhadradri Kothagudem
State	Telangana
Pincode	507101
Country	IN
Address	Kothagudem 4168,mandal kothagudem,dist khammam. 507 101kothagudem 4168

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 507806102 for Kothagudem 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 507806102 of APGVB, Kothagudem branch makes the system almost error free and faster. Use of APGVB MICR codes for Kothagudem branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Andhra Pradesh Grameena Vikas Bank are available with micr code -

>>A R Pally >>Bodu >>Chandrugonda >>Chunchupalli >>Julurpad >>Kothagudem >>Laxmidevipallyktdm >>Ramavaram >>Sujatha Nagar >>Tekulapally

MICR code for Andhra Pradesh Grameena Vikas Bank Kothagudem

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 Kothagudem 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. 507806102 is the MICR code of Andhra Pradesh Grameena Vikas Bank for Kothagudem branch. MICR code for Kothagudem 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 Kothagudem is presented in the table alongside.

Use of APGVB MICR code for Kothagudem branch in kothagudem

The MICR code 507806102 is used in RBI cheque clearing process to identify the branch Kothagudem 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.