There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Andhra Pragathi Grameena Bank for its Peddamanthur branch in Peddamanthur, Anantapur, Andhra Pradesh, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Andhra Pragathi Grameena Bank situated in Peddamanthur or anywhere in Andhra Pradesh can easily transfer funds instantly by using the correct IFSC Code APGB0001066. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Andhra Pragathi Grameena Bank, Peddamanthur, Peddamanthur

Here are the main details that are associated with the IFSC Code APGB0001066 of Andhra Pragathi Grameena Bank for its branch located in Peddamanthur, within the district of Anantapur in the state of Andhra Pradesh.

Particulars Details
Bank Andhra Pragathi Grameena Bank
IFSC Code APGB0001066
Branch Peddamanthur
City Peddamanthur
District Anantapur
State Andhra Pradesh
Address Peddamanthur-515124 Roddam Mandal Anantapur District

These details are essential not only for online banking users but also for businesses and individuals who use Andhra Pragathi Grameena Bank in Peddamanthur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code APGB0001066 for the Peddamanthur branch of Andhra Pragathi Grameena Bank plays 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 Pragathi Grameena Bank located in Peddamanthur, Peddamanthur, Andhra Pradesh, is provided with a unique IFSC like APGB0001066 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Andhra Pragathi Grameena Bank branch in Peddamanthur.
  • 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 Peddamanthur and Anantapur.
  • 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 Pragathi Grameena Bank in Peddamanthur do not get mixed with another location.

Format of the IFSC Code APGB0001066

The format of the IFSC Code for banks, including Andhra Pragathi Grameena Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Andhra Pragathi Grameena 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 Peddamanthur in Peddamanthur.

For example, the IFSC Code APGB0001066 of Andhra Pragathi Grameena Bank for the Peddamanthur branch includes these elements, identifying the bank and the branch location in Peddamanthur and Andhra Pradesh accurately.

How to Find IFSC Code for Andhra Pragathi Grameena Bank?

To find the IFSC Code APGB0001066 of Andhra Pragathi Grameena Bank for its Peddamanthur branch located in Peddamanthur, the following methods can help you out:

Cheque Book

The cheque book issued by Andhra Pragathi Grameena 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 Pragathi Grameena Bank branches in Peddamanthur and Anantapur, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Andhra Pragathi Grameena Bank and go to the branch locator section. Then search for Peddamanthur or Peddamanthur to find the exact IFSC Code APGB0001066.

Mobile Banking App

If you use Andhra Pragathi Grameena 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 Pragathi Grameena Bank and Peddamanthur will provide accurate information.

How to Use IFSC Code APGB0001066 for Online Transfers?

Once you have the IFSC Code APGB0001066 for the Peddamanthur branch of Andhra Pragathi Grameena Bank in Peddamanthur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code APGB0001066. 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 Pragathi Grameena Bank IFSC Code APGB0001066.

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 Pragathi Grameena Bank Peddamanthur in Peddamanthur, 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 Pragathi Grameena Bank in Peddamanthur, 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 Pragathi Grameena Bank website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Peddamanthur to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Andhra Pragathi Grameena Bank in Peddamanthur, Peddamanthur?

The IFSC Code is APGB0001066.

Is the IFSC Code APGB0001066 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Andhra Pragathi Grameena Bank Peddamanthur?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Peddamanthur branch?

The address of the branch is Peddamanthur-515124 Roddam Mandal Anantapur District located in Peddamanthur, Anantapur, Andhra Pradesh.

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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