MICR Code: 524703723

Bank: Andhra Pragathi Grameena Bank
IFSC Code: Apgb0004004
MICR Code: 524703723
Address: Jagadevipeta ┬Û 524332 Indukurpet Mandal Nellore District
City: Nellore
District: Jagadevipeta
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 524703723.

  • In this case first three codes 524 is city code and it represents city Nellore.
  • Next three characters 703 represents bank Andhra Pragathi Grameena Bank.
  • Remaining characters which are 723 represents branch. In our case branch is located at address Jagadevipeta ┬Û 524332 Indukurpet Mandal Nellore 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.