Andhra Bank Parbhani Parbhani Maharashtra MICR CODE

Find MICR Codes for Andhra Bank Parbhani Parbhani Maharashtra

Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sailu
Contact 25887750
Bank Details Andhra Bank Sailu ANDB0002521
Location Parbhani, Parbhani
City Parbhani
District Parbhani
State Maharashtra
Pincode 431503
Country IN
Address Dakh complex,h no 407,1 st floor,jintur road,sailu dist,parbhani
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 431011201 for Sailu 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 431011201 of Andhra Bank, Sailu branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Sailu 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 -

>>Parbhani >>Sailu

MICR code for Andhra Bank Sailu

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 Sailu 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. 431011201 is the MICR code of Andhra Bank for Sailu branch. MICR code for Sailu 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 Sailu is presented in the table alongside.

Use of Andhra Bank MICR code for Sailu branch in parbhani

The MICR code 431011201 is used in RBI cheque clearing process to identify the branch Sailu 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.