Andhra Bank Faridkot Faridkot Punjab MICR CODE

Find MICR Codes for Andhra Bank Faridkot Faridkot Punjab

Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kotkapura
Bank Details Andhra Bank Kotkapura ANDB0002566
Location Faridkot, Faridkot
City Faridkot
District Faridkot
State Punjab
Pincode 151204
Country IN
Address Near prince hotel,faridakot road,kotkapura,faridabad dist,punjab,151204
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 Kotkapura 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 Andhra Bank, Kotkapura branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Kotkapura branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Andhra Bank are available with micr code -

>>Faridkot >>Kotkapura

MICR code for Andhra Bank Kotkapura

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

Use of Andhra Bank MICR code for Kotkapura branch in faridkot

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kotkapura 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.