The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Andhra Pradesh Grameena Vikas Bank for its Patwari Gudem branch in Dammapeta, Bhadradri Kothagudem, Telangana, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Andhra Pradesh Grameena Vikas Bank located in Dammapeta or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code APGV0004108. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Andhra Pradesh Grameena Vikas Bank, Patwari Gudem, Dammapeta
Here are the key points that are associated with the IFSC Code APGV0004108 of Andhra Pradesh Grameena Vikas Bank for its branch located in Dammapeta, within the district of Bhadradri Kothagudem in the state of Telangana.
| Particulars | Details |
|---|---|
| Bank | Andhra Pradesh Grameena Vikas Bank |
| IFSC Code | APGV0004108 |
| Branch | Patwari Gudem |
| City | Dammapeta |
| District | Bhadradri Kothagudem |
| State | Telangana |
| Address | Patwarigudem,Mandal Dammapeta,Dist Kmm 507 306 |
These details helps users in online banking and for businesses and individuals who use Andhra Pradesh Grameena Vikas Bank in Dammapeta for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code APGV0004108 for the Patwari Gudem branch of Andhra Pradesh Grameena Vikas Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Andhra Pradesh Grameena Vikas Bank located in Patwari Gudem, Dammapeta, Telangana, is provided with a unique IFSC like APGV0004108 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Andhra Pradesh Grameena Vikas Bank branch in Dammapeta.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Dammapeta and Bhadradri Kothagudem.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Telangana and the rest of India and the IFSC Code ensures that transactions meant for Andhra Pradesh Grameena Vikas Bank in Patwari Gudem do not get mixed with another location.
Format of the IFSC Code APGV0004108
The format of the IFSC Code for banks, including Andhra Pradesh Grameena Vikas Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Andhra Pradesh Grameena Vikas Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Patwari Gudem in Dammapeta.
For example, the IFSC Code APGV0004108 of Andhra Pradesh Grameena Vikas Bank for the Patwari Gudem branch includes these elements, identifying the bank and the branch location in Dammapeta and Telangana accurately.
How to Find IFSC Code for Andhra Pradesh Grameena Vikas Bank?
To find the IFSC Code APGV0004108 of Andhra Pradesh Grameena Vikas Bank for its Patwari Gudem branch located in Dammapeta, the following methods can help you out:
Cheque Book
The cheque book issued by Andhra Pradesh Grameena Vikas Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Andhra Pradesh Grameena Vikas Bank branches in Dammapeta and Bhadradri Kothagudem, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Andhra Pradesh Grameena Vikas Bank and go to the branch locator section. Then search for Patwari Gudem or Dammapeta to find the exact IFSC Code APGV0004108.
Mobile Banking App
If you use Andhra Pradesh Grameena Vikas Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Andhra Pradesh Grameena Vikas Bank and Dammapeta will provide accurate information.
How to Use IFSC Code APGV0004108 for Online Transfers?
Once you have the IFSC Code APGV0004108 for the Patwari Gudem branch of Andhra Pradesh Grameena Vikas Bank in Dammapeta, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code APGV0004108. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Andhra Pradesh Grameena Vikas Bank IFSC Code APGV0004108.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Andhra Pradesh Grameena Vikas Bank Patwari Gudem in Dammapeta may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Andhra Pradesh Grameena Vikas Bank in Patwari Gudem, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Andhra Pradesh Grameena Vikas Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Dammapeta manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is APGV0004108.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Patwarigudem,Mandal Dammapeta,Dist Kmm 507 306 located in Dammapeta, Bhadradri Kothagudem, Telangana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.