Andhra Bank CHENNAI Branches IFSC Code List

Branch wise list of Andhra Bank Chennai IFSC and MICR Code

Bank Related News

Slice secures RBI nod to appoint ex-Andhra Bank executive as MD & CEO
Dec 25, 2023, 05:33PM IST
North East Small Finance Bank is in the process of getting merged with Bengaluru-headquartered fintech unicorn Slice.
Union Bank rolls out automated solution to monitor stressed loans
Apr 26, 2022, 10:05AM IST
Chief general manager Ashok Chandra said automation will eliminate errors and cut the time taken to initiate recovery to a few days from months earlier.
IFSC codes of these PSU banks will change starting April 1
Mar 30, 2021, 03:40PM IST
From this year (i.e., 2021), the IFSC codes and MICR codes of the amalgamating banks will be discontinued and the codes used by the anchor bank will replace them. Savings account holders of the amalgamating banks will have to make note of the new IFSC and MICR codes.
Public sector bank auditors ask RBI to add more agencies as work surges
Mar 04, 2021, 09:42AM IST
Auditors have argued that increasing the manpower for inspecting bank books is important to maintain the quality of the exercise.
Union Bank of India Q3 results: Reports net profit of Rs 727 crore
Jan 29, 2021, 06:47PM IST
The net profit during the period is not comparable to the year ago figure because of the amalgamation of Andhra Bank and Corporation Bank into Union Bank with effect from April 1, 2020, the bank said in a regulatory filing.
Union Bank completes IT integration of all Andhra Bank branches with itself
Jan 25, 2021, 04:39PM IST
The entire migration has been completed at record time with least inconvenience to customers i.e. without affecting any change in their account numbers, debit cards or net banking credentials, the bank said.
Union AMC aims to double AUM to Rs 10,000 crore
Jan 07, 2021, 04:15PM IST
Union AMC's plan also comes against the backdrop of the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India, which is the co-sponsor of the fund house along with Japan's Dai-ichi Life Holdings.
Banks will offer more doorstep services soon: Rajkiran Rai, Union Bank of India MD
Nov 16, 2020, 10:18AM IST
IBA is coordinating the government’s initiative to provide doorstep banking as a chargeable, outsourced service. This is particularly relevant to senior citizens, who should not be out during Covid.
Union Bank of India swings to profit on income growth
Nov 06, 2020, 09:09PM IST
In a press release Union Bank said its net interest income (NII) increased 6% to Rs.6,293 crore as compared to Rs.5,934 crore last year. Other income at a standalone level stood at Rs 2,308 crore doubling from Rs 1,143 crore a year ago.
6 public sector banks excluded from Second Schedule of RBI Act
Oct 01, 2020, 09:39AM IST
The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank.

Popular Banks IFSC Code

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INDIAN BANK IFSC Code	CANARA BANK IFSC Code	BANK OF INDIA IFSC Code	ANDHRA BANK IFSC Code	CENTRAL BANK OF INDIA IFSC Code
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Top Cities of Andhra Bank IFSC Code

Andhra Bank Mumbai IFSC Code	Andhra Bank Delhi IFSC Code	Andhra Bank Kolkata IFSC Code	Andhra Bank Chennai IFSC Code	Andhra Bank Bangalore IFSC Code
Andhra Bank Hyderabad IFSC Code	Andhra Bank Ahmedabad IFSC Code	Andhra Bank Pune IFSC Code	Andhra Bank Gurgaon IFSC Code	Andhra Bank Jaipur IFSC Code

Difference Between Branch Code, IFSC Code and MICR Code

The branch code is a unique identifier that helps distinguish one branch of a bank from another within the same network. It is typically a combination of numbers or letters assigned to each branch to facilitate easy identification and communication within the banking system. This code is important for internal record-keeping, customer service, and other administrative purposes within the bank.
On the other hand, the IFSC (Indian Financial System Code) is a crucial code used for electronic fund transfers in India. It is an alphanumeric code that consists of 11 characters and is assigned by the Reserve Bank of India to each bank branch participating in the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) systems. The IFSC code helps ensure accurate routing of funds between banks and branches, thereby minimizing errors and delays in transactions.
Additionally, the MICR (Magnetic Ink Character Recognition) code is a technology used for authenticating banks on documents like cheques. It consists of a unique combination of numbers and characters printed in magnetic ink at the bottom of cheques to facilitate automated processing.
The MICR code helps in identifying the bank and branch where the cheque is drawn, ensuring secure and efficient cheque processing.
In summary, while the branch code helps identify specific bank branches within a network, the IFSC code is essential for electronic fund transfers, and the MICR code plays a vital role in authenticating banks on cheques for efficient processing. Together, these codes play a crucial role in ensuring smooth and secure financial transactions within the banking system.