IFSC Code, MICR Codes for ANDHRA BANK in TELANGANA - NIZAMABAD - VELPUR - VELPUR

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


IFSC Code

ANDB0002602

MICR Code

503011683

Branch

VELPUR

Contact

9849734384

Address

NEAR MARKET ROAD VELPUR VILLAGE VELPUR MANDAL TELANGANA 503311

City

VELPUR

District

NIZAMABAD

State

TELANGANA





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

ANDB0002602

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.