Andhra Bank Panaji North Goa Goa MICR CODE

Find MICR Codes for Andhra Bank Panaji North Goa Goa

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MICR Code	403011002
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panaji Goa
Contact	C.Balasubramayam 0832-2223513/
Bank Details	Andhra Bank Panaji Goa ANDB0000640

Location	Panaji, North Goa
City	Panaji
District	North Goa
State	Goa
Pincode	403001
Country	IN
Address	Gouri nivas, dr, r, atmaram berker road, panjim, goa - 403001

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 403011002 for Panaji Goa 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 403011002 of Andhra Bank, Panaji Goa branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Panaji Goa 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 -

>>Panaji Goa

MICR code for Andhra Bank Panaji Goa

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 Panaji Goa 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. 403011002 is the MICR code of Andhra Bank for Panaji Goa branch. MICR code for Panaji Goa 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 Panaji Goa is presented in the table alongside.

Use of Andhra Bank MICR code for Panaji Goa branch in panaji

The MICR code 403011002 is used in RBI cheque clearing process to identify the branch Panaji Goa 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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