Andhra Bank Nandyal Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Nandyal Kurnool 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	Panyam
Contact
Bank Details	Andhra Bank Panyam ANDB0002539

Location	Nandyal, Kurnool
City	Nandyal
District	Kurnool
State	Andhra Pradesh
Pincode	518112
Country	IN
Address	Gandhi road,panyam,kurnool,518112

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 Panyam 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, Panyam branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Panyam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Andhra Bank are available with micr code -

>>Ayyalur >>Balaji Complex >>Ngo Colony >>Padmavathi Nagar >>Panyam >>Raithu Nagaram >>Sri Ramakrishna Degree College

MICR code for Andhra Bank Panyam

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 Panyam 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 Panyam branch. MICR code for Panyam 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 Panyam is presented in the table alongside.

Use of Andhra Bank MICR code for Panyam branch in nandyal

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