Andhra Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Hyderabad Hyderabad Andhra Pradesh

MICR Code
Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhagat Nagar
Contact 0878-2264116
Bank Details Andhra Bank Bhagat Nagar ANDB0001591
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500032
Country IN
Address Plot no 340 opp ambedk, stadiumb bhagat nagar
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 505011009 for Bhagat Nagar 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 505011009 of Andhra Bank, Bhagat Nagar branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Bhagat Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Bank Bhagat Nagar

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 Bhagat Nagar 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. 505011009 is the MICR code of Andhra Bank for Bhagat Nagar branch. MICR code for Bhagat Nagar 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 Bhagat Nagar is presented in the table alongside.

Use of Andhra Bank MICR code for Bhagat Nagar branch in hyderabad

The MICR code 505011009 is used in RBI cheque clearing process to identify the branch Bhagat Nagar 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.

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