MICR Code Bank
Find MICR code for Andhra Bank Banswadi branches in India for NEFT and RTGS transfer

Andhra Bank Banswadi MICR CODE

Find MICR Codes for Andhra Bank Banswadi

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  1. Andhra Bank »
  2. Karnataka »
  3. bangalore urban »
  4. bangalore »
  5. banswadi (bangalore city)

Find MICR Codes for Andhra Bank Banswadi

MICR Code: 560011018
Bank: Andhra Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Banswadi (Bangalore City)
Contact: 080-22959659
Bank Details: Andhra Bank Banswadi (Bangalore City) ANDB0001432
Location: Bangalore, Bangalore Urban
City: Bangalore
District: Bangalore Urban
State: Karnataka
Pincode: 560009
Country: IN
Address: 284/1, msr building, banswadi,rammurthynagar, bangalore

How does MICR code for banswadi 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 of Andhra Bank, banswadi branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for banswadi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Bank banswadi

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 banswadi 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. is the MICR code of Andhra Bank for banswadi branch. MICR code for banswadi 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 banswadi is presented in the table alongside.

Use of Andhra Bank MICR code for banswadi branch in bangalore

The MICR code is used in RBI cheque clearing process to identify the branch banswadi 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.