Andhra Bank Guntur Guntur Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Guntur Guntur Andhra Pradesh

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MICR Code
Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Agrl.Market Yard
Contact 0863-2234100
Bank Details Andhra Bank Agrl.Market Yard ANDB0001252
Location Guntur, Guntur
City Guntur
District Guntur
State Andhra Pradesh
Pincode 522004
Country IN
Address G.t.road, guntur- 522 004
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 520011120 for Agrl.Market Yard 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 520011120 of Andhra Bank, Agrl.Market Yard branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Agrl.Market Yard branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Bank Agrl.Market Yard

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 Agrl.Market Yard 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. 520011120 is the MICR code of Andhra Bank for Agrl.Market Yard branch. MICR code for Agrl.Market Yard 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 Agrl.Market Yard is presented in the table alongside.

Use of Andhra Bank MICR code for Agrl.Market Yard branch in guntur

The MICR code 520011120 is used in RBI cheque clearing process to identify the branch Agrl.Market Yard 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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