Andhra Bank Baloda Bazar Raipur Chhattisgarh MICR CODE

Find MICR Codes for Andhra Bank Baloda Bazar Raipur Chhattisgarh

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MICR Code	493011151
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Balodabazar
Contact	9424207090
Bank Details	Andhra Bank Balodabazar ANDB0001998

Location	Baloda Bazar, Raipur
City	Baloda Bazar
District	Raipur
State	Chhattisgarh
Pincode	493332
Country	IN
Address	H.no. 1/313, near new bus stand, baloda bazar, chhatisgarh

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 493011151 for Balodabazar 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 493011151 of Andhra Bank, Balodabazar branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Balodabazar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Andhra Bank are available with micr code -

>>Balodabazar

MICR code for Andhra Bank Balodabazar

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 Balodabazar 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. 493011151 is the MICR code of Andhra Bank for Balodabazar branch. MICR code for Balodabazar 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 Balodabazar is presented in the table alongside.

Use of Andhra Bank MICR code for Balodabazar branch in baloda bazar

The MICR code 493011151 is used in RBI cheque clearing process to identify the branch Balodabazar 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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