Andhra Bank Paderu Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Paderu Vishakhapatnam Andhra Pradesh

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MICR Code	530011502
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Paderu
Contact	250566
Bank Details	Andhra Bank Paderu ANDB0002376

Location	Paderu, Vishakhapatnam
City	Paderu
District	Vishakhapatnam
State	Andhra Pradesh
Pincode	531024
Country	IN
Address	Old fashion technology building,main road,paderu,vizag,531024

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 530011502 for Paderu 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 530011502 of Andhra Bank, Paderu branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Paderu 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 -

>>Paderu

MICR code for Andhra Bank Paderu

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 Paderu 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. 530011502 is the MICR code of Andhra Bank for Paderu branch. MICR code for Paderu 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 Paderu is presented in the table alongside.

Use of Andhra Bank MICR code for Paderu branch in paderu

The MICR code 530011502 is used in RBI cheque clearing process to identify the branch Paderu 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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