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 Pragathi Grameena Bank for its Singarayakonda branch in Singarayakonda, Prakasam, 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 Pragathi Grameena Bank located in Singarayakonda or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code APGB0005102. 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 Pragathi Grameena Bank, Singarayakonda, Singarayakonda

Below in the table are the key details related to IFSC Code APGB0005102 of Andhra Pragathi Grameena Bank for its branch located in Singarayakonda, within the district of Prakasam in the state of Andhra Pradesh.

Particulars Details
Bank Andhra Pragathi Grameena Bank
IFSC Code APGB0005102
Branch Singarayakonda
City Singarayakonda
District Prakasam
State Andhra Pradesh
Address Singarayakonda ┬Û523101 Singarayakonda Mandal Prakasam District

These details are essential not only for online banking users but also for businesses and individuals who use Andhra Pragathi Grameena Bank in Singarayakonda for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code APGB0005102 for the Singarayakonda 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, along with Andhra Pragathi Grameena Bank located in Singarayakonda, Singarayakonda, Andhra Pradesh, are allotted a unique IFSC like APGB0005102 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Singarayakonda.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Singarayakonda and Prakasam.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Andhra Pragathi Grameena Bank in Singarayakonda reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.

Format of the IFSC Code APGB0005102

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 Singarayakonda in Singarayakonda.

For example, the IFSC Code APGB0005102 of Andhra Pragathi Grameena Bank for the Singarayakonda branch includes these elements, identifying the bank and the branch location in Singarayakonda and Andhra Pradesh accurately.

How to Find IFSC Code for Andhra Pragathi Grameena Bank?

If you are trying to find the IFSC Code APGB0005102 of Andhra Pragathi Grameena Bank for its Singarayakonda branch located in Singarayakonda, the following methods can help:

Cheque Book

The cheque book issued by Andhra Pragathi Grameena Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Andhra Pragathi Grameena Bank branches in Singarayakonda and Prakasam, print them on the first page of your passbook.

Bank Website

Visit the official website of Andhra Pragathi Grameena Bank and navigate to the branch locator section. Search for Singarayakonda or Singarayakonda to get the exact IFSC Code APGB0005102.

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 keeps an updated list of all IFSC codes. If you search for Andhra Pragathi Grameena Bank and Singarayakonda, you'll get the correct details.

How to Use IFSC Code APGB0005102 for Online Transfers?

If you have the IFSC Code APGB0005102 for the Singarayakonda branch of Andhra Pragathi Grameena Bank in Singarayakonda, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code APGB0005102. 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 Pragathi Grameena Bank IFSC Code APGB0005102.

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 Pragathi Grameena Bank Singarayakonda in Singarayakonda, 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 Pragathi Grameena Bank in Singarayakonda, 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 Singarayakonda 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 Singarayakonda, Singarayakonda?

The IFSC Code is APGB0005102.

Is the IFSC Code APGB0005102 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

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

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

What is the full address of the Singarayakonda branch?

The address of the branch is Singarayakonda ┬Û523101 Singarayakonda Mandal Prakasam District located in Singarayakonda, Prakasam, 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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