Andhra Bank Madnoor Nizamabad Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Madnoor Nizamabad Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	503011543
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Madnoor
Contact	08464 225080
Bank Details	Andhra Bank Madnoor ANDB0001990

Location	Madnoor, Nizamabad
City	Madnoor
District	Nizamabad
State	Andhra Pradesh
Pincode	503309
Country	IN
Address	H/o m.shankar & t.venkanna, h.no. 3-159--9&10, ram nagar colony, opp bus stand,madnoor

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 503011543 for Madnoor 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 503011543 of Andhra Bank, Madnoor branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Madnoor 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 -

>>Madnoor

MICR code for Andhra Bank Madnoor

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 Madnoor 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. 503011543 is the MICR code of Andhra Bank for Madnoor branch. MICR code for Madnoor 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 Madnoor is presented in the table alongside.

Use of Andhra Bank MICR code for Madnoor branch in madnoor

The MICR code 503011543 is used in RBI cheque clearing process to identify the branch Madnoor 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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