MICR Code: 524703642

Bank: Andhra Pragathi Grameena Bank
IFSC Code: Apgb0004103
MICR Code: 524703642
Address: Muthukuru ┬Û524344 Muthukuru Mandal Nellore District
City: Nellore
District: Muthukur
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 524703642.

  • 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 642 represents branch. In our case branch is located at address Muthukuru ┬Û524344 Muthukuru 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.