Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Andhra Pradesh Grameena Vikas Bank for its M.Singapuram branch in Palakonda, Srikakulam, or Andhra Pradesh, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Andhra Pradesh Grameena Vikas Bank located in Palakonda or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code APGV0001187. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Andhra Pradesh Grameena Vikas Bank, M.Singapuram, Palakonda

Below in the table are the key details related to IFSC Code APGV0001187 of Andhra Pradesh Grameena Vikas Bank for its branch located in Palakonda, within the district of Srikakulam in the state of Andhra Pradesh.

Particulars Details
Bank Andhra Pradesh Grameena Vikas Bank
IFSC Code APGV0001187
Branch M.Singapuram
City Palakonda
District Srikakulam
State Andhra Pradesh
Address Branch M.Singapuram, Palakonda Mandal, Srikakulam Dist. A.P. Pin532462

These details are crucial, not just for online banking users but also for businesses and individuals who use Andhra Pradesh Grameena Vikas Bank in Palakonda for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code APGV0001187 for the M.Singapuram 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, including Andhra Pradesh Grameena Vikas Bank located in M.Singapuram, Palakonda, Andhra Pradesh, is provided with a unique IFSC like APGV0001187 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 Palakonda.
  • 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 Palakonda and Srikakulam.
  • 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 Andhra Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Andhra Pradesh Grameena Vikas Bank in M.Singapuram do not get mixed with another location.

Format of the IFSC Code APGV0001187

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): Show the bank code. For Andhra Pradesh Grameena Vikas Bank, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as M.Singapuram in Palakonda.

For example, the IFSC Code APGV0001187 of Andhra Pradesh Grameena Vikas Bank for the M.Singapuram branch includes these elements, identifying the bank and the branch location in Palakonda and Andhra Pradesh accurately.

How to Find IFSC Code for Andhra Pradesh Grameena Vikas Bank?

If you are trying to find the IFSC Code APGV0001187 of Andhra Pradesh Grameena Vikas Bank for its M.Singapuram branch located in Palakonda, the following methods can help:

Cheque Book

The cheque books that are issued by Andhra Pradesh Grameena Vikas Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Andhra Pradesh Grameena Vikas Bank branches in Palakonda 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 find the branch locator section. Search for M.Singapuram or Palakonda to get the exact IFSC Code APGV0001187.

Mobile Banking App

If you use Andhra Pradesh Grameena Vikas Bank's mobile app, you can easily 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 to help you in searching for Andhra Pradesh Grameena Vikas Bank and Palakonda that will provide accurate information.

How to Use IFSC Code APGV0001187 for Online Transfers?

If you have the IFSC Code APGV0001187 for the M.Singapuram branch of Andhra Pradesh Grameena Vikas Bank in Palakonda, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code APGV0001187. Transfers are processed in batches. 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. Asks for the recipient's account details and Andhra Pradesh Grameena Vikas Bank IFSC Code APGV0001187.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Andhra Pradesh Grameena Vikas Bank M.Singapuram in Palakonda, it may 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 M.Singapuram, 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 Palakonda to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Andhra Pradesh Grameena Vikas Bank M.Singapuram Palakonda?

The IFSC Code of the M.Singapuram Palakonda branch is APGV0001187.

Is IFSC Code APGV0001187 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Andhra Pradesh Grameena Vikas Bank M.Singapuram branch?

The branch is located at Branch M.Singapuram, Palakonda Mandal, Srikakulam Dist. A.P. Pin532462.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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