Andhra Pradesh Grameena Vikas Bank Medak Medak Telangana MICR CODE

Find MICR Codes for Andhra Pradesh Grameena Vikas Bank Medak Medak Telangana

Bank
State
District
City
Branch
Address

MICR Code	502806502
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	Medak
Contact	9440903962
Bank Details	Andhra Pradesh Grameena Vikas Bank Medak APGV0008139

Location	Medak, Medak
City	Medak
District	Medak
State	Telangana
Pincode	502110
Country	IN
Address	Municipal mktg.complex,medak,502110

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 502806502 for Medak 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 502806502 of APGVB, Medak branch makes the system almost error free and faster. Use of APGVB MICR codes for Medak branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Andhra Pradesh Grameena Vikas Bank are available with micr code -

>>Mambojipally >>Medak >>Medak Ma >>Narsingi

MICR code for Andhra Pradesh Grameena Vikas Bank Medak

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 Medak 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. 502806502 is the MICR code of Andhra Pradesh Grameena Vikas Bank for Medak branch. MICR code for Medak 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 Medak is presented in the table alongside.

Use of APGVB MICR code for Medak branch in medak

The MICR code 502806502 is used in RBI cheque clearing process to identify the branch Medak 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.

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