Andhra Pradesh Grameena Vikas Bank

RBI has allotted IFSC codes to all the bank branches in India to easily identify transactions done through a particular branch. IFSC codes are unique 11-digit codes with alphanumeric characters, which are given to all bank branches and the code won't repeat. It is mandatory to enter IFSC code or MICR code to identify the branches to perform fund or cash transactions. Without this code the bank branches can't transfer funds.

These codes help the users to ensure that the transferred funds go to the right person, without any errors.

For example, we can take Andhra Pradesh GrameenaVikas Bank IFSC code: “APGV0007208” - IFSC Code of Andhra Pradesh GrameenaVikas Bank branch in Yenugonda, Andhra Pradesh. This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any Andhra Pradesh GrameenaVikas Bank account or to other bank accounts.

• Here, the first four alphabets, APGV, indicate the bank name, i.e., Andhra Pradesh GrameenaVikas Bank Limited,
• The fifth digit is 0 (zero) - provided for future use
• The last six digits 007208 - denotes a particular branch of Yenugonda, Andhra Pradesh.

The Indian Financial System Code in short denoted as IFSC is used for online payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IPM), from one bank to another through electronic Instant Mobile Money Transfer service (IMPS), and Centralized Funds Management System (CFMS) instructed by RBI.

RBI has allotted IFSC codes for all banks in India to find out the branches when money transfers take place. According to RBI guidelines, the IFSC code is mandatory for interbank transfers via, NEFT and RTGS to any bank in India. With help of IFSC codes and MICR codes, the online fund transfers are made easy without any confusion. The first four Characters mentioned in IFSC code denote the bank names and the last six digits helps to identify the bank branch name involved in the transaction. The fifth digit is zero for all banks which is next to alphabets provided for future use. This code helps to avoid the risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches the right account holder at the specified branch.

Easy way to find Andhra Pradesh GrameenaVikas Bank IFSC Code and MICR Code?

If the customer knows the full name of the bank and its branch location, then it is easy to find IFSC codes and MICR codes within a few seconds. The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by Andhra Pradesh GrameenaVikas Bank. The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter into the bank's official website. Some of the third party financial websites or other advertisement websites are also rendering the service to get IFSC codes of any bank and its branches located in India.

Some of the popular financial comparison sites display the table carrying IFSC codes for Andhra Pradesh GrameenaVikas Bank branches throughout Maharashtra. Any account holder visiting the website has to choose the Bank IFSC code link present on the home page. Customers by clicking the link will lead to another page where four columns are displayed. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes for Andhra Pradesh GrameenaVikas Bank. The website displays all details about the bank such as the phone number, address of the branch, name, branch code etc.

Andhra Pradesh Grameena Vikas Bank Branch Details

• Andhra Pradesh

About Andhra Pradesh GrameenaVikas Bank

• APGVB refers Andhra Pradesh GrameenaVikas Bank, a Regional Rural Bank (RRB) established in 2006 under an act of Parliament by amalgamating ManjeeraGrameena Bank(Medak), SangameshwaraGrameena Bank (Mahabubnagar), KakatiyaGrameena Bank (Warangal), NagarjunaGrameena Bank (Khammam&Nalgonda) and Sri VisakhaGrameena Bank (Visakhapatnam, Vizianagaram&Srikakulam) with Head Office at Hanamkonda, Warangal (Urban District), Telangana State sponsored by State Bank of India is operating in 21 districts of Telangana State and 3 districts of Andhra Pradesh.


• The RRBs were owned by the Central Government, the State Government and the sponsor Bank (APGVB sponsored by State Bank of India) who held shares in the ratios as follows: Central Government – 50%, State Government – 15% and Sponsor Bank (SBI Bank) – 35%.


• APGVB having Eleven Controlling Offices at Kothagudem, Khammam, Nalgonda, Warangal, Ashoknagar, Mahabubnagar, and Sangareddy in Telangana& at Srikakulam, Vizianagaram, Visakhapatnam and Parvathipuram in Andhra Pradesh. This bank operates with 772 branches & 1526 bank mitra points across 2 states is one of the leading banks in serving rural folks in Telangana State and Andhra Pradesh. More than 500 branches i.e., 64% are in rural areas, which signify the commitment of bank towards rural areas. Nearly, 3,239 staffs who are willing, young, energetic, empathetic work force working in all its branches as on 31.3.2021.

Deposit products offered by APGVB:

APGVB, as a Regional Rural Bank, are strive to fulfill the dreams of masses and dedicated to serve the account holder needs. The investment of the customers surplus funds or to create a fund for their children’s' education and marriage. They will find a product from APGVB that suits to their requirement, delivered at a branch close to them. Open an account with any of its branches, all of them are working on CBS platform, and realize the advantage of its personalized services. Place funds in Minor Saving Scheme, an account which is dedicated to minor children and comes with a unique break-up facility which provides the account holder full liquidity as well as benefits of higher rates of returns, through their children’s savings bank account.

If the customers are having small funds and want to build up savings slowly, discover the bank Recurring Deposit Account. They can save as little as Rs.100/- every month to build up the desired corpus to meet their future requirement of funds. The bank products are designed with flexibility to suit the customer personal requirements. Enjoy 24 hour banking facility through its mobile Banking. The bank's other service including Current Account, Savings Bank Account, NRE/NRO deposits, Minor Savings Bank Account with 3.5% interest rates, Basic Savings Bank Account/PMJDY with Zero Balance and simplified KYC. The account holders are allowed 4 times in a month to withdraw money.

APGVB offers Loans & Advances like House Building Loan to public, General purpose credit Card, Agriculture Cash Credits (Crop Loans), Loans for Education under VidyaVikas, Poultry Vikas (Broiler Contact Farming), Rural Housing (GrameenaGruhaVikas), Financing of Matured SHGs for farm production, Palamitra Dairy Vikas Scheme, LaghuVikasSwaroigar Credit Card, Mortgage loans for Trade, Industry and Service Sector (SME) and RythyVikas Chakra - Farm Mechanisation - Tractor Loans for farmers.

Service rendered by the Bank

All the branches of Andhra Pradesh GrameenaVikas Bank are operating under core banking facility (CBS) and provides locker facility to its customers. Demand Drafts and Cheques Purchase (DDCP) facility, Collection of Outstation cheques, Issue of demand drafts on its branches, issue of bank guarantees, issue of solvency certificate, NEFT and RTGS facility, ATM Debit card and Kisan credit card facility, SBI LIfe products and SBI General products are available in all its branches, Mobile banking facility, POS machines facility and Aadhar based and ATM cards based transaction facility at its branches.

For further details contact: Andhra Pradesh GrameenaVikas Bank,
Head Office Address,
Door no.2-5-8/1, Ram Nagar, Hanmakonda - 506001,
Warangal District, Telangana State.
Phone no: 0870-2577769.
Fax no: 0870-2577700.
Toll free no: 1800-121-0354.
ATM Toll free no: 1800-532-7444 / 1800-833-1004 / 1800-123-6230.
E-mail: headoffice@apgvbank.in
Website: www.apgvbank.in