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 Apex College
Contact 4023007194
Bank Details Andhra Bank Apex College ANDB0003122
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Telangana
Pincode 500002
Country IN
Address Plot no-27-29, apex clg++++nanakramguda, hyd, ++++pin-500032++++
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 Apex College 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, Apex College branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Apex College branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Bank Apex College

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 Apex College 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 Apex College branch. MICR code for Apex College 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 Apex College is presented in the table alongside.

Use of Andhra Bank MICR code for Apex College branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Apex College 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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