MICR Code: 518703105

Bank: Andhra Pragathi Grameena Bank
IFSC Code: Apgb0003027
MICR Code: 518703105
Address: Deebaguntla-518502 Gospadu Mandal Kurnool District
City: Kurnool
District: Deebaguntla
State: Andhra Pradesh

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 518703105.

  • In this case first three codes 518 is city code and it represents city Kurnool.
  • Next three characters 703 represents bank Andhra Pragathi Grameena Bank.
  • Remaining characters which are 105 represents branch. In our case branch is located at address Deebaguntla-518502 Gospadu Mandal Kurnool District.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.