Andhra Bank IFSC Code, MICR Code, Address, Contact Number for the Palanadu Road Branch in Andhra Pradesh
Andhra Bank Palanadu Road Branch is situated in Guntur, Andhra Pradesh
IFSC Code for Andhra Bank Palanadu Road Branch, Guntur
ANDB0001505
- Bank Name: Andhra Bank
- Bank Old IFSC Code: N/A
- Bank New IFSC Code: ANDB0001505
- Bank MICR Code: 520011606
- Bank Address: Palanadu Road, Narsaraopet
- Bank Branch: Palanadu Road
- Bank District: Guntur
- Bank State: Andhra Pradesh
- Bank City: Narasaropet
About IFSC Codes in India
IFSC stands for Indian Financial System Code. It is a unique 11-digit alphanumeric code assigned to each bank branch in India by the Reserve Bank of India (RBI). It is used for electronic funds transfer using NEFT, RTGS, and IMPS.
Components of IFSC Code:
- First four characters: Bank code
- Fifth character: Always 0
- Last six characters: Branch identifier
About MICR Codes
MICR stands for Magnetic Ink Character Recognition and is printed on cheques to streamline processing.
- First three digits: City code
- Next three digits: Bank code
- Last three digits: Branch code