Andhra Bank Palakonda Srikakulam Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Palakonda Srikakulam Andhra Pradesh

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State
District
City
Branch
Address

MICR Code	-NA-
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Palakonda
Contact	M Satyanarayana - 08941-220134
Bank Details	Andhra Bank Palakonda ANDB0000439

Location	Palakonda, Srikakulam
City	Palakonda
District	Srikakulam
State	Andhra Pradesh
Pincode	532440
Country	IN
Address	Main road, palakonda, srikakulam dist. Ap

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 0 for Palakonda 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 0 of Andhra Bank, Palakonda branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Palakonda 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 -

>>Palakonda

MICR code for Andhra Bank Palakonda

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 Palakonda 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. 0 is the MICR code of Andhra Bank for Palakonda branch. MICR code for Palakonda 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 Palakonda is presented in the table alongside.

Use of Andhra Bank MICR code for Palakonda branch in palakonda

The MICR code 0 is used in RBI cheque clearing process to identify the branch Palakonda 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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