Andhra Bank Penukonda Anantpur Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Penukonda Anantpur Andhra Pradesh

↻ Reload
MICR Code
Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Penukonda
Contact 08556-220260
Bank Details Andhra Bank Penukonda ANDB0000902
Location Penukonda, Anantpur
City Penukonda
District Anantpur
State Andhra Pradesh
Pincode 515100
Country IN
Address Penukonda, anantapur, andhra pradesh-515100
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 Penukonda 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, Penukonda branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Penukonda 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 -

>>Penukonda

MICR code for Andhra Bank Penukonda

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

Use of Andhra Bank MICR code for Penukonda branch in penukonda

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

Copied!