Find Andhra Pragathi Grameena Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.
The IFSC or Indian Financial System Code is a combination of alphanumeric characters and is used to identify the bank branch. IFSC code was introduced by the Reserve Bank of India to ensure a seamless online fund transaction experience. Likewise, the Andhra Pragathi Grameena Bank IFSC code was introduced for the same purpose.
Just as the IFSC code helps in the identification of the branches of the bank, the MICR code is also equally important. MICR code helps in rapid verification of cheques and ensures faster processing of it.
This blog will help you understand the nature and functionality of both the Andhra Pragathi Grameena Bank IFSC code and MICR code. To find information regarding both of the codes, continue reading!
Andhra Pragathi Grameena Bank IFSC code was allotted by the Reserve Bank of India. It is an eleven-character code comprising both letters and numbers. The initial four letters of the IFSC code represent the bank's name, the fifth character is zero, and it's the control element. The final six characters stand for the particular branch of the bank.
For instance of Andhra Pragathi kadapa branch IFSC code is- APGB0000001. It is the IFSC code Andhra Pragathi bank's head office.
You will need the IFSC code while making any online fund transfer via NEFT or RTGS. If you fail to insert the IFSC code, you won't be able to make a successful fund transfer. Knowing the IFSC code of your branch or any branch you want to make a fund transfer is vital to avoid any discrepancies.
MICR code is also known as the Magnetic Ink Character Recognition code. It is a nine-digit code and generally printed on the cheque leaves. The purpose of the MICR code is faster processing of cheques without any disruption.
Like the IFSC code, each branch of Andhra Pragathi Grameena Bank has different MICR codes. The MICR code of Andhra Pragathi Grameena bank Ankalamma Gudur branch is 516703803.
MICR code is needed during any cheque processing as it helps to verify the legality and credibility of any paper-based document. The primary difference between the IFSC code and the MICR code is that the IFSC code is required during digital fund transfers, and MICR is needed to process cheques faster.
You can find the Andhra Pragathi Grameena Bank IFSC code and MICR code on the https://findyourbank.in/ website. These are the steps you've to follow to find the respective codes-
There are a few other sources that make finding these codes hassle-free. Let's have a look at them-
You'll find the IFSC and MICR code in the Andhra Pragathi Grameena Bank cheque book and passbook. The IFSC code is usually found at the top of the respected books, and the MICR code is at the bottom.
The Reserve Bank of India keeps a record of IFSC codes of all the banks. Hence, it is a reliable source to find the IFSC codes of Andhra bank as well.
You can also find these codes in the Andhra Pragathi Grameena bank's mobile app and also on its official website.
Every bank comes with its own customer care service. If you face issues in finding the mentioned codes using the methods mentioned above, you can contact the customer care service.
Online fund transfer modes like NEFT, RTGS, and IMPS have become rapidly popular due to their convenience and faster processing. Let's find out about these processes of Andhra Pragathi bank and about their transaction limits as well as costs.
To transfer money through NEFT, you will need the following details-
|Upto 1 lakh||Rs. 25+ST|
|From 1 lakh to 2 lakhs||Rs. 35+ST|
|Above 2 lakhs||Rs. 50+ ST|
RTGS transfer mode is mainly used for making huge money transactions. You will need similar details like NEFT to send money via the RTGS method. Let's check out its transaction costs-
|Upto 2 lakh to 5 lakh||Rs. 50+ST|
|Above 5 lakhs||Rs. 100+ST|
IMPS is another digital fund transfer method that is used for immediate fund transfers. The Andhra Pragathi Grameena bank's IMPS service is available 24*7 all through the year. Here are the charges for IMPS transfer of the Andhra Pragathi bank-
|Upto 1 lakh||Rs. 5 per transaction|
|Above 1 lakhs to 2 lakhs||Rs. 15 per transaction|
Andhra Pragathi Grameena Bank was formed in 2006. It is a regional bank, and the bank has its headquarters in Kadapa, Andhra Pradesh. Currently, the bank has eight regional offices and 552 branches spreading across Andhra Pradesh. The bank's net worth presently is Rs 2777.22 crore and is listed top among other banks in a similar category.
You can check your APGB account balance by giving a missed call at 98289000024.
You can activate the mobile banking of APGB bank online without visiting the branch. To do this, you need to
You will have to visit your nearest APGB bank to avail of internet banking facilities. After filling up the form for internet banking registration, you will get a starter kit. The starter kit will contain your user ID and password to log in to your APGB internet banking facilities.
APGB was sponsored by the State Bank of India.