IFSC code for Guntur District Co-operative Central Bank, Guntur district co-operative central bank imps, Guntur, Maharashtra
Updated on: Sunday, December 1, 2024
IFSC CODE
APBL0007001
Guntur District Co-operative Central Bank
Guntur District Co-operative Central Bank Imps, Mumbai, Maharashtra
Address
Ntr Bavan, 2/13, Brodipet, Guntur 522002
Guntur District Co-operative Central Bank
Guntur District Co-operative Central Bank Imps, Mumbai, Maharashtra
Address
Ntr Bavan, 2/13, Brodipet, Guntur 522002
Bank Details
IFSC Code
APBL0007001
MICR Code
520635102
Bank Code
(Based on IFSC)
GDCX
Bank Code
(Based on MICR)
635
Contact
+919703918466
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IFSC Code of Guntur District Co-operative Central Bank
Every Guntur District Co-operative Central Bank branch in India has a unique Guntur District Co-operative Central Bank IFSC Code. Guntur District Co-operative Central Bank IFSC Code enables Guntur District Co-operative Central Bank account holders to send and receive money electronically. Guntur District Co-operative Central 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 Guntur District Co-operative Central Bank IFSC Code APBL0007001
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., APBL, denotes the name of the bank which is Guntur District Co-operative Central Bank.
The fifth character is 0.
The last six digits of the code, i.e., 007001, represents the branch which is Guntur District Co-operative Central Bank
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MICR Code of Guntur District Co-operative Central Bank
Every Guntur District Co-operative Central Bank branch in India has a unique Guntur District Co-operative Central Bank MICR Code. MICR code for Guntur District Co-operative Central 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 Guntur District Co-operative Central 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.