Andhra Bank Visakhapatnam Vishakapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Visakhapatnam Vishakapatnam Andhra Pradesh

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MICR Code
Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Madhurawada
Contact Kv Ramana-0891-2799568
Bank Details Andhra Bank Madhurawada ANDB0001238
Location Visakhapatnam, Vishakapatnam
City Visakhapatnam
District Vishakapatnam
State Andhra Pradesh
Pincode 530041
Country IN
Address Car junction,madhurawada, visakhapatnam-530041
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 530011032 for Madhurawada 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 530011032 of Andhra Bank, Madhurawada branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Madhurawada branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Andhra Bank Madhurawada

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 Madhurawada 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. 530011032 is the MICR code of Andhra Bank for Madhurawada branch. MICR code for Madhurawada 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 Madhurawada is presented in the table alongside.

Use of Andhra Bank MICR code for Madhurawada branch in visakhapatnam

The MICR code 530011032 is used in RBI cheque clearing process to identify the branch Madhurawada 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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