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Andhra Bank Godavarikhani Karim Nagar Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Godavarikhani Karim Nagar Andhra Pradesh

MICR Code
Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Markandeya Colony
Contact 08728-244166
Bank Details Andhra Bank Markandeya Colony ANDB0001178
Location Godavarikhani, Karim Nagar
City Godavarikhani
District Karim Nagar
State Andhra Pradesh
Pincode 505209
Country IN
Address Andhra bank,markandeya colony,godavarikhanipin- 505 209
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 Markandeya Colony 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, Markandeya Colony branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Markandeya Colony branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Andhra Bank are available with micr code -

>>8 Incline Colony (Godavarikhani) >>Godavarikhani >>Markandeya Colony >>Rameshnagar

MICR code for Andhra Bank Markandeya Colony

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 Markandeya Colony 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 Markandeya Colony branch. MICR code for Markandeya Colony 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 Markandeya Colony is presented in the table alongside.

Use of Andhra Bank MICR code for Markandeya Colony branch in godavarikhani

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