Andhra Bank Satara Satara Maharashtra MICR CODE

Find MICR Codes for Andhra Bank Satara Satara Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	415011001
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Satara
Contact	02162230025
Bank Details	Andhra Bank Satara ANDB0002079

Location	Satara, Satara
City	Satara
District	Satara
State	Maharashtra
Pincode	415001
Country	IN
Address	G.floor,plot no.39,karam veer housing society,new radhika road, satara-415001

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 415011001 for Satara 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 415011001 of Andhra Bank, Satara branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Satara 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 -

>>Satara

MICR code for Andhra Bank Satara

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 Satara 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. 415011001 is the MICR code of Andhra Bank for Satara branch. MICR code for Satara 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 Satara is presented in the table alongside.

Use of Andhra Bank MICR code for Satara branch in satara

The MICR code 415011001 is used in RBI cheque clearing process to identify the branch Satara 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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