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Andhra Bank Kurnool Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Kurnool Kurnool Andhra Pradesh

MICR Code
Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ashoknagar
Contact 250067 253343
Bank Details Andhra Bank Ashoknagar ANDB0000293
Location Kurnool, Kurnool
City Kurnool
District Kurnool
State Andhra Pradesh
Pincode 518005
Country IN
Address Dr no. 45/25-b, shopping complex, ashoknagar, kurnool
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 518011005 for Ashoknagar 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 518011005 of Andhra Bank, Ashoknagar branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Ashoknagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Bank Ashoknagar

Andhra Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Andhra Bank MICR code for Ashoknagar 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. 518011005 is the MICR code of Andhra Bank for Ashoknagar branch. MICR code for Ashoknagar 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 Andhra Bank Ashoknagar is presented in the table alongside.

Use of Andhra Bank MICR code for Ashoknagar branch in kurnool

The MICR code 518011005 is used in RBI cheque clearing process to identify the branch Ashoknagar and Andhra 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 Andhra Bank is typically in either of these two font’s: E-138 and CMC-7.