MICR Code: 515703702

Bank: Andhra Pragathi Grameena Bank
IFSC Code: Apgb0001014
MICR Code: 515703702
Address: Nallamada-515591 Nallamada Mandal Anantapur District
City: Anantapur
District: Nallamada
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 515703702.

  • In this case first three codes 515 is city code and it represents city Anantapur.
  • Next three characters 703 represents bank Andhra Pragathi Grameena Bank.
  • Remaining characters which are 702 represents branch. In our case branch is located at address Nallamada-515591 Nallamada Mandal Anantapur 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.