Andhra Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Andhra Bank Panchkula Panchkula Haryana

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MICR Code	160011013
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sec 20 Panchkula
Contact	0172 2551580
Bank Details	Andhra Bank Sec 20 Panchkula ANDB0002058

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134116
Country	IN
Address	Sco 294, g. Floor, sector 20, panchkula, haryana - 134116

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 160011013 for Sec 20 Panchkula 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 160011013 of Andhra Bank, Sec 20 Panchkula branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Sec 20 Panchkula 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 -

>>Ishar Nagar >>Panchakula >>Panchkula Sec Fourteen >>Ramgarh >>Sec 20 Panchkula >>Sec Nineteen Panchkula >>Sec Seven Panchkula

MICR code for Andhra Bank Sec 20 Panchkula

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 Sec 20 Panchkula 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. 160011013 is the MICR code of Andhra Bank for Sec 20 Panchkula branch. MICR code for Sec 20 Panchkula 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 Sec 20 Panchkula is presented in the table alongside.

Use of Andhra Bank MICR code for Sec 20 Panchkula branch in panchkula

The MICR code 160011013 is used in RBI cheque clearing process to identify the branch Sec 20 Panchkula 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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