For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Andhra Pragathi Grameena Bank for its Veldurthi branch in Veldurthi, Kurnool, Andhra Pradesh, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Andhra Pragathi Grameena Bank located in Veldurthi or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code APGB0003075. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Andhra Pragathi Grameena Bank, Veldurthi, Veldurthi
Here are the main details that are associated with the IFSC Code APGB0003075 of Andhra Pragathi Grameena Bank for its branch located in Veldurthi, within the district of Kurnool in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Andhra Pragathi Grameena Bank |
| IFSC Code | APGB0003075 |
| Branch | Veldurthi |
| City | Veldurthi |
| District | Kurnool |
| State | Andhra Pradesh |
| Address | Veldurthy-518216 Veldurthy Mandal Kurnool District |
These details are crucial, not just for online banking users but also for businesses and individuals who use Andhra Pragathi Grameena Bank in Veldurthi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code APGB0003075 for the Veldurthi branch of Andhra Pragathi Grameena 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 Pragathi Grameena Bank located in Veldurthi, Veldurthi, Andhra Pradesh, are allotted a unique IFSC like APGB0003075 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Veldurthi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Veldurthi and Kurnool.
- 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 Veldurthi reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.
Format of the IFSC Code APGB0003075
The format of the IFSC Code for banks, including Andhra Pragathi Grameena Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Andhra Pragathi Grameena 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 Veldurthi in Veldurthi.
For example, the IFSC Code APGB0003075 of Andhra Pragathi Grameena Bank for the Veldurthi branch has these elements, identifying the bank and the branch location in Veldurthi and Andhra Pradesh correctly.
How to Find IFSC Code for Andhra Pragathi Grameena Bank?
To find the IFSC Code APGB0003075 of Andhra Pragathi Grameena Bank for its Veldurthi branch located in Veldurthi, 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 Veldurthi and Kurnool, 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 Veldurthi or Veldurthi to find the exact IFSC Code APGB0003075.
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 Veldurthi will provide accurate information.
How to Use IFSC Code APGB0003075 for Online Transfers?
Once you have the IFSC Code APGB0003075 for the Veldurthi branch of Andhra Pragathi Grameena Bank in Veldurthi, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code APGB0003075. 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 APGB0003075.
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 Veldurthi in Veldurthi, 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 Veldurthi, 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 Veldurthi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is APGB0003075.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Veldurthy-518216 Veldurthy Mandal Kurnool District located in Veldurthi, Kurnool, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.