Andhra Bank Margao South Goa Goa MICR CODE

Find MICR Codes for Andhra Bank Margao South Goa Goa

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MICR Code	403011004
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Madgaon
Contact	2.7131072704e+013
Bank Details	Andhra Bank Madgaon ANDB0001087

Location	Margao, South Goa
City	Margao
District	South Goa
State	Goa
Pincode	403601
Country	IN
Address	Sincro towers behind muncipality building margao, goa 403601

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 403011004 for Madgaon 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 403011004 of Andhra Bank, Madgaon branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Madgaon 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 -

>>Madgaon

MICR code for Andhra Bank Madgaon

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 Madgaon 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. 403011004 is the MICR code of Andhra Bank for Madgaon branch. MICR code for Madgaon 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 Madgaon is presented in the table alongside.

Use of Andhra Bank MICR code for Madgaon branch in margao

The MICR code 403011004 is used in RBI cheque clearing process to identify the branch Madgaon 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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