IFSC Code, MICR Codes for ANDHRA BANK in TAMIL NADU - CHENNAI - MEDAVAKAM - MEDAVAKAM

ANDHRA BANK RTGS HO Branch in MEDAVAKAM - Address, IFSC, MICR Code


IFSC Code

ANDB0001198

MICR Code

600011024

Branch

MEDAVAKAM

Contact

0

Address

1/819 VELACHERY MAIN ROADMEDAVAKKAMCHENNAITAMILNADU

City

MEDAVAKAM

District

CHENNAI

State

TAMIL NADU





What is IFSC Code of ANDHRA BANK situated at MEDAVAKAM- RTGS-HO?
IFSC Code of ANDHRA BANK situated at MEDAVAKAM - RTGS-HO is

ANDB0001198

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.