IFSC code for Andhra Pragathi Grameena Bank, Peapully, Kurnool, Andhra pradesh
Updated on: Friday, November 1, 2024
IFSC CODE
APGB0003146
Andhra Pragathi Grameena Bank
Peapully, Peapully, Andhra Pradesh
Address
Peapully-518221 National Highway-7, Peapully Mandal Kurnool District
Andhra Pragathi Grameena Bank
Peapully, Peapully, Andhra Pradesh
Address
Peapully-518221 National Highway-7, Peapully Mandal Kurnool District
Bank Details
IFSC Code
APGB0003146
MICR Code
518703604
Bank Code
(Based on IFSC)
APGB
Bank Code
(Based on MICR)
703
Contact
+918522229084
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IFSC Code of Andhra Pragathi Grameena Bank
Every Andhra Pragathi Grameena Bank branch in India has a unique Andhra Pragathi Grameena Bank IFSC Code. Andhra Pragathi Grameena Bank IFSC Code enables Andhra Pragathi Grameena Bank account holders to send and receive money electronically. Andhra Pragathi Grameena Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Andhra Pragathi Grameena Bank IFSC Code APGB0003146
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., APGB, denotes the name of the bank which is Andhra Pragathi Grameena Bank.
The fifth character is 0.
The last six digits of the code, i.e., 003146, represents the branch which is Andhra Pragathi Grameena Bank
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MICR Code of Andhra Pragathi Grameena Bank
Every Andhra Pragathi Grameena Bank branch in India has a unique Andhra Pragathi Grameena Bank MICR Code. MICR code for Andhra Pragathi Grameena Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Andhra Pragathi Grameena Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
