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Andhra Bank Chikballapur Kolar Karnataka MICR CODE

Find MICR Codes for Andhra Bank Chikballapur Kolar Karnataka

Bank
State
District
City
Branch
Address

MICR Code	562011101
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chikaballapur
Contact
Bank Details	Andhra Bank Chikaballapur ANDB0001708

Location	Chikballapur, Kolar
City	Chikballapur
District	Kolar
State	Karnataka
Pincode	562101
Country	IN
Address	Suresh krishnappa complex bb road cross, stadium road, i cross chickballapur karnataka 562101

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 562011101 for Chikaballapur 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 562011101 of Andhra Bank, Chikaballapur branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Chikaballapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Andhra Bank are available with micr code -

>>Chikaballapur

MICR code for Andhra Bank Chikaballapur

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 Chikaballapur 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. 562011101 is the MICR code of Andhra Bank for Chikaballapur branch. MICR code for Chikaballapur 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 Chikaballapur is presented in the table alongside.

Use of Andhra Bank MICR code for Chikaballapur branch in chikballapur

The MICR code 562011101 is used in RBI cheque clearing process to identify the branch Chikaballapur 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.