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 Bhamini branch in Korada, Srikakulam, Andhra Pradesh, 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 Korada or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code APGV0001176. 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, Bhamini, Korada
Below in the table are the key details related to IFSC Code APGV0001176 of Andhra Pradesh Grameena Vikas Bank for its branch located in Korada, within the district of Srikakulam in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Andhra Pradesh Grameena Vikas Bank |
| IFSC Code | APGV0001176 |
| Branch | Bhamini |
| City | Korada |
| District | Srikakulam |
| State | Andhra Pradesh |
| Address | H.No. 352, Gram Panchayat Office Road, Bhamini, Bhamini, 532456 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Andhra Pradesh Grameena Vikas Bank in Korada for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code APGV0001176 for the Bhamini branch of Andhra Pradesh Grameena Vikas Bank has an important 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, along with Andhra Pradesh Grameena Vikas Bank located in Bhamini, Korada, Andhra Pradesh, are given a unique IFSC like APGV0001176 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Korada.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Korada and Srikakulam.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Andhra Pradesh Grameena Vikas Bank in Bhamini goes to the correct branch. This is important because Andhra Pradesh Grameena Vikas Bank has thousands of branches in Andhra Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code APGV0001176
The format of the IFSC Code for banks, including Andhra Pradesh Grameena Vikas Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Andhra Pradesh Grameena Vikas Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Bhamini in Korada.
For example, the IFSC Code APGV0001176 of Andhra Pradesh Grameena Vikas Bank for the Bhamini branch has these elements, identifying the bank and the branch location in Korada and Andhra Pradesh correctly.
How to Find IFSC Code for Andhra Pradesh Grameena Vikas Bank?
To find the IFSC Code APGV0001176 of Andhra Pradesh Grameena Vikas Bank for its Bhamini branch located in Korada, 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 Korada and Srikakulam, 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 Bhamini or Korada to find the exact IFSC Code APGV0001176.
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 Korada will provide accurate information.
How to Use IFSC Code APGV0001176 for Online Transfers?
Once you have the IFSC Code APGV0001176 for the Bhamini branch of Andhra Pradesh Grameena Vikas Bank in Korada, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code APGV0001176. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Andhra Pradesh Grameena Vikas Bank IFSC Code APGV0001176.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Andhra Pradesh Grameena Vikas Bank Bhamini in Korada, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Andhra Pradesh Grameena Vikas Bank in Bhamini, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Andhra Pradesh Grameena Vikas Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Korada to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bhamini Korada branch is APGV0001176.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at H.No. 352, Gram Panchayat Office Road, Bhamini, Bhamini, 532456.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.