Andhra Bank Venkatachalam Nellore Andhra Pradesh MICR CODE

Find MICR Codes for Andhra Bank Venkatachalam Nellore Andhra Pradesh

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MICR Code
Bank Andhra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Swarna Bharat Trust Cyber Grameen
Contact 8612383150
Bank Details Andhra Bank Swarna Bharat Trust Cyber Grameen ANDB0001538
Location Venkatachalam, Nellore
City Venkatachalam
District Nellore
State Andhra Pradesh
Pincode 524320
Country IN
Address Venkatachalam nellore  nellore
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 524011602 for Swarna Bharat Trust Cyber Grameen 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 524011602 of Andhra Bank, Swarna Bharat Trust Cyber Grameen branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Swarna Bharat Trust Cyber Grameen 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 -

>>Swarna Bharat Trust Cyber Grameen

MICR code for Andhra Bank Swarna Bharat Trust Cyber Grameen

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 Swarna Bharat Trust Cyber Grameen 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. 524011602 is the MICR code of Andhra Bank for Swarna Bharat Trust Cyber Grameen branch. MICR code for Swarna Bharat Trust Cyber Grameen 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 Swarna Bharat Trust Cyber Grameen is presented in the table alongside.

Use of Andhra Bank MICR code for Swarna Bharat Trust Cyber Grameen branch in venkatachalam

The MICR code 524011602 is used in RBI cheque clearing process to identify the branch Swarna Bharat Trust Cyber Grameen 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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