Andhra Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Andhra Bank Pune Pune Maharashtra

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MICR Code
Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ambegaon Branch
Contact
Bank Details Andhra Bank Ambegaon Branch ANDB0002520
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411046
Country IN
Address Ground floor, sno 56 2,nest to ambegaon dhayari road,near gaumukh,ambegaon,pune,411046
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 0 for Ambegaon Branch 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 0 of Andhra Bank, Ambegaon Branch branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Ambegaon Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Bank Ambegaon Branch

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 Ambegaon Branch 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. 0 is the MICR code of Andhra Bank for Ambegaon Branch branch. MICR code for Ambegaon Branch 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 Ambegaon Branch is presented in the table alongside.

Use of Andhra Bank MICR code for Ambegaon Branch branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ambegaon Branch 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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