Coastal Bank Krishna Vijayawada Andhra Pradesh MICR CODE

Find MICR Codes for Coastal Bank Krishna Vijayawada Andhra Pradesh

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District
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MICR Code	-NA-
Bank	Coastal Local Area Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vijayawada
Contact	520002-2494426
Bank Details	Coastal Local Area Bank Limited Vijayawada COAS0000002

Location	Krishna, Vijayawada
City	Krishna
District	Vijayawada
State	Andhra Pradesh
Pincode
Country	IN
Address	D.no.59-12-6,grace line,ghantasalavari street,gayatri nagar,near benz circle

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 Vijayawada 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 Coastal Local Area Bank Ltd, Vijayawada branch makes the system almost error free and faster. Use of Coastal Local Area Bank Ltd MICR codes for Vijayawada branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Coastal Local Area Bank Limited are available with micr code -

>>Neft Service Center >>Rtgsho >>Vijayawada

MICR code for Coastal Bank Vijayawada

Coastal Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Coastal Local Area Bank Ltd MICR code for Vijayawada 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 Coastal Bank for Vijayawada branch. MICR code for Vijayawada 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 Coastal Local Area Bank Ltd Vijayawada is presented in the table alongside.

Use of Coastal Local Area Bank Ltd MICR code for Vijayawada branch in krishna

The MICR code 0 is used in RBI cheque clearing process to identify the branch Vijayawada and Coastal Local Area Bank Ltd 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 Coastal Bank is typically in either of these two font’s: E-138 and CMC-7.

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