Central Bank Guntur Guntur Andhra Pradesh MICR CODE

Find MICR Codes for Central Bank Guntur Guntur Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	520016103
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Laxmipuram Guntur
Contact	863-2231228
Bank Details	Central Bank Of India Laxmipuram Guntur CBIN0282364

Location	Guntur, Guntur
City	Guntur
District	Guntur
State	Andhra Pradesh
Pincode	522002
Country	IN
Address	Door no. 5-66-2228, 3rd lane, raviteja appartments, ashok nagar, guntur,dist-guntur, andhra pradesh-522002

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 520016103 for Laxmipuram Guntur 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 520016103 of Central Bank Of India, Laxmipuram Guntur branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Laxmipuram Guntur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Central Bank Of India are available with micr code -

>>Chirala >>Edlapalli >>Guntur >>Kunchanapally >>Laxmipuram Guntur >>Phanidam

MICR code for Central Bank Laxmipuram Guntur

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Laxmipuram Guntur 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. 520016103 is the MICR code of Central Bank India for Laxmipuram Guntur branch. MICR code for Laxmipuram Guntur 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 Central Bank Of India Laxmipuram Guntur is presented in the table alongside.

Use of Central Bank Of India MICR code for Laxmipuram Guntur branch in guntur

The MICR code 520016103 is used in RBI cheque clearing process to identify the branch Laxmipuram Guntur and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

Copied!