Andhra Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Andhra Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ghansoli
Contact 022-27544487
Bank Details Andhra Bank Ghansoli ANDB0001649
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400701
Country IN
Address Shop-7,8,9,surya kiran,plot-12 &13,sec-5,ghansoli n mumbai-400701
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 400011034 for Ghansoli 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 400011034 of Andhra Bank, Ghansoli branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Ghansoli branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Bank Ghansoli

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 Ghansoli 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. 400011034 is the MICR code of Andhra Bank for Ghansoli branch. MICR code for Ghansoli 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 Ghansoli is presented in the table alongside.

Use of Andhra Bank MICR code for Ghansoli branch in mumbai

The MICR code 400011034 is used in RBI cheque clearing process to identify the branch Ghansoli 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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