Andhra Bank Kompally Nalgonda Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Kompally Nalgonda Andhra Pradesh

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MICR Code	506011624
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kompalli Seerole
Contact	08719-200235
Bank Details	Andhra Bank Kompalli Seerole ANDB0000641

Location	Kompally, Nalgonda
City	Kompally
District	Nalgonda
State	Andhra Pradesh
Pincode	506105
Country	IN
Address	Srinivas nilyam kampalle seerole via kuravi kampali seerole 506105

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 506011624 for Kompalli Seerole 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 506011624 of Andhra Bank, Kompalli Seerole branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Kompalli Seerole branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Andhra Bank are available with micr code -

>>Kompalli Seerole >>Kompally >>Stationery Department

MICR code for Andhra Bank Kompalli Seerole

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 Kompalli Seerole 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. 506011624 is the MICR code of Andhra Bank for Kompalli Seerole branch. MICR code for Kompalli Seerole 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 Kompalli Seerole is presented in the table alongside.

Use of Andhra Bank MICR code for Kompalli Seerole branch in kompally

The MICR code 506011624 is used in RBI cheque clearing process to identify the branch Kompalli Seerole 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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