Andhra Pragathi Grameena Bank Peapully Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Pragathi Grameena Bank Peapully Kurnool Andhra Pradesh

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MICR Code
Bank Andhra Pragathi Grameena Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Peapully
Contact 08522-229084
Bank Details Andhra Pragathi Grameena Bank Peapully APGB0003146
Location Peapully, Kurnool
City Peapully
District Kurnool
State Andhra Pradesh
Pincode 518221
Country IN
Address Peapully-518221 national highway-7, peapully mandal kurnool 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.

How does MICR code 0 for Peapully 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, Peapully branch makes the system almost error free and faster. Use of APGB MICR codes for Peapully branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Andhra Pragathi Grameena Bank are available with micr code -

>>Jaladurgam >>Peapully

MICR code for Andhra Pragathi Grameena Bank Peapully

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 Peapully 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 Peapully branch. MICR code for Peapully 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 Peapully is presented in the table alongside.

Use of APGB MICR code for Peapully branch in peapully

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

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