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Andhra Bank Rangareddy L.B.Nagar Telangana MICR CODE

Find MICR Codes for Andhra Bank Rangareddy L.B.Nagar Telangana

Bank
State
District
City
Branch
Address

MICR Code	500011199
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Satavahana Nagar
Contact	9642057884
Bank Details	Andhra Bank Satavahana Nagar ANDB0002658

Location	Rangareddy, L.B.Nagar
City	Rangareddy
District	L.B.Nagar
State	Telangana
Pincode	500074
Country	IN
Address	3 6 347,plot no 9,lakshmi narayana colony,saroor nagar,danapuram,lb nagar,hyderabad,500074

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 500011199 for Satavahana Nagar 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 500011199 of Andhra Bank, Satavahana Nagar branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Satavahana Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Andhra Bank are available with micr code -

>>Jawahar Nagar >>Retail Loan Express >>Satavahana Nagar

MICR code for Andhra Bank Satavahana Nagar

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 Satavahana Nagar 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. 500011199 is the MICR code of Andhra Bank for Satavahana Nagar branch. MICR code for Satavahana Nagar 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 Satavahana Nagar is presented in the table alongside.

Use of Andhra Bank MICR code for Satavahana Nagar branch in rangareddy

The MICR code 500011199 is used in RBI cheque clearing process to identify the branch Satavahana Nagar 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.