Andhra Bank Palakol West Godavari Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Palakol West Godavari Andhra Pradesh

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MICR Code	534011302
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Palakole
Contact	Psn Murthy - 08814-222812
Bank Details	Andhra Bank Palakole ANDB0000420

Location	Palakol, West Godavari
City	Palakol
District	West Godavari
State	Andhra Pradesh
Pincode	534260
Country	IN
Address	Bank street, palakole - wg dt. Ap - 534260

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 534011302 for Palakole 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 534011302 of Andhra Bank, Palakole branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Palakole 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 -

>>Edla Bazar Palakol >>Lajapathiraipet (Eluru) >>Palakole

MICR code for Andhra Bank Palakole

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 Palakole 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. 534011302 is the MICR code of Andhra Bank for Palakole branch. MICR code for Palakole 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 Palakole is presented in the table alongside.

Use of Andhra Bank MICR code for Palakole branch in palakol

The MICR code 534011302 is used in RBI cheque clearing process to identify the branch Palakole 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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