Andhra Bank Mormugao South Goa Goa MICR CODE

Find MICR Codes for Andhra Bank Mormugao South Goa Goa

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MICR Code	403011004
Bank	Andhra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vasco
Contact	0832 - 2500556 2500151
Bank Details	Andhra Bank Vasco ANDB0001126

Location	Mormugao, South Goa
City	Mormugao
District	South Goa
State	Goa
Pincode	403802
Country	IN
Address	Hotel lapaz building, swatantrapath, vasco, goa -403802

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 403011004 for Vasco 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 403011004 of Andhra Bank, Vasco branch makes the system almost error free and faster. Use of Andhra Bank MICR codes for Vasco 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 -

>>Vasco

MICR code for Andhra Bank Vasco

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 Vasco 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. 403011004 is the MICR code of Andhra Bank for Vasco branch. MICR code for Vasco 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 Vasco is presented in the table alongside.

Use of Andhra Bank MICR code for Vasco branch in mormugao

The MICR code 403011004 is used in RBI cheque clearing process to identify the branch Vasco 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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