AU Bank Chittoor Punganur Andhra Pradesh MICR CODE

Find MICR Codes for AU Bank Chittoor Punganur Andhra Pradesh

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MICR Code
Bank AU Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Punganur Mbt Road
Contact 0
Bank Details AU Small Finance Bank Limited Punganur Mbt Road AUBL0005236
Location Chittoor, Punganur
City Chittoor
District Punganur
State Andhra Pradesh
Pincode 517247
Country IN
Address First floor ward no 28 t s r s no 93 4 madana palli road kotha indlu panganur chittoor andhra pradesh 517247
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Punganur Mbt Road branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of AU Small Finance Bank, Punganur Mbt Road branch makes the system almost error free and faster. Use of AU Small Finance Bank MICR codes for Punganur Mbt Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of AU Small Finance Bank Limited are available with micr code -

>>Punganur Mbt Road

MICR code for AU Bank Punganur Mbt Road

AU Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. AU Small Finance Bank MICR code for Punganur Mbt Road is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of AU Finance Bank for Punganur Mbt Road branch. MICR code for Punganur Mbt Road branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for AU Small Finance Bank Punganur Mbt Road is presented in the table alongside.

Use of AU Small Finance Bank MICR code for Punganur Mbt Road branch in chittoor

The MICR code 0 is used in RBI cheque clearing process to identify the branch Punganur Mbt Road and AU Small Finance Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of AU Finance Bank is typically in either of these two font’s: E-138 and CMC-7.

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