Andhra Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Andhra Bank Hyderabad Hyderabad Telangana

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MICR Code
Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Anand Nagar Colony
Contact 23390016
Bank Details Andhra Bank Anand Nagar Colony ANDB0002955
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Telangana
Pincode 500004
Country IN
Address D no 6 2 654 1, sri kalpa complex, street no 7, anand nagar colony, chintalbasti, khairatabad, hyderabad, 500004
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 500011207 for Anand Nagar Colony 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 500011207 of Andhra Bank, Anand Nagar Colony branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Anand Nagar Colony branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Bank Anand Nagar Colony

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 Anand Nagar Colony 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. 500011207 is the MICR code of Andhra Bank for Anand Nagar Colony branch. MICR code for Anand Nagar Colony 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 Anand Nagar Colony is presented in the table alongside.

Use of Andhra Bank MICR code for Anand Nagar Colony branch in hyderabad

The MICR code 500011207 is used in RBI cheque clearing process to identify the branch Anand Nagar Colony 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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