Andhra Bank Raichur Raichur Karnataka MICR CODE

Find MICR Codes for Andhra Bank Raichur Raichur Karnataka

Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raichur
Contact P Sadasiva Rao - 08532-255802
Bank Details Andhra Bank Raichur ANDB0000491
Location Raichur, Raichur
City Raichur
District Raichur
State Karnataka
Pincode 584101
Country IN
Address Mouleshwar chowk, gunj road, raichur, karnataka
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 584011002 for Raichur 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 584011002 of Andhra Bank, Raichur branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Raichur 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 -


MICR code for Andhra Bank Raichur

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 Raichur 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. 584011002 is the MICR code of Andhra Bank for Raichur branch. MICR code for Raichur 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 Raichur is presented in the table alongside.

Use of Andhra Bank MICR code for Raichur branch in raichur

The MICR code 584011002 is used in RBI cheque clearing process to identify the branch Raichur 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.