Andhra Bank Shankarapalli Rangareddy Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Shankarapalli Rangareddy Andhra Pradesh

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MICR Code	501011503
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shankarpally
Contact	08417-223888
Bank Details	Andhra Bank Shankarpally ANDB0001393

Location	Shankarapalli, Rangareddy
City	Shankarapalli
District	Rangareddy
State	Andhra Pradesh
Pincode
Country	IN
Address	Gram panchyat office, comp. Opp police st.

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 501011503 for Shankarpally 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 501011503 of Andhra Bank, Shankarpally branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Shankarpally 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 -

>>Shankarpally

MICR code for Andhra Bank Shankarpally

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 Shankarpally 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. 501011503 is the MICR code of Andhra Bank for Shankarpally branch. MICR code for Shankarpally 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 Shankarpally is presented in the table alongside.

Use of Andhra Bank MICR code for Shankarpally branch in shankarapalli

The MICR code 501011503 is used in RBI cheque clearing process to identify the branch Shankarpally 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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