Registered on 20th November 1923 and commenced the operations from 28th November 1923, Andhra Bank were established by the eminent freedom fighter, Dr. Bhogaraju Pattabhi Sitaramayya. On 15th April 1980, it was registered as a nationalized bank. In 1983, it sponsored its second regional rural bank, Chaitanya Grameena Bank in Guntur district. In 1987, the bank subsidized its third regional rural bank, Godavari Grameena Bank.

Andhra bank is one of the leading banks in the banking sector that renders its financial products and services through its 2128 business delivery channels including 2800 branches, 38 satellite offices, 68 extensive counters, and 3600 ATMs across 21 Indian states and 2 Union territories by the year 2016. AB offers financial products and services which are based on the individual needs. Service centers are networked under Cluster banking solution that provides facilities such as Any Branch Banking (ABB), National Electronic Fund Transfer (NEFT), and Real-Time Gross Settlement (RTGS).

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is a 11-digit alpha-numeric unique code generated to identify particular branch of a participating bank. The first four characters of the code represent the name of a bank, the fifth character is zero and is reserved for future use, and the remaining characters specify the particular branch of the bank. Such as Andhra Bank IFSC Code for Kolar road, Bhopal branch is ANDB0002528.

In the current digital scenario, IFSC code has really become essential as they aid to manage several banking transaction methods including IMPS (Immediate Payment Services), NEFT (National Electronic Fund Transfer), and RTGS (Real Time Gross Settlement) system. Being one of the fastest inter-branch fund transfer services, IMPS system asks for a banks IFSC code. This code provides the convenience of fund transfer through Andhra Bank mobile app, which confirms that the transaction has been done by the right person. IFSC code is required for other successful transactions as well.

Hence, IFSC codes work as the most essential factor in terms of successful and secured electronic fund transfer. Any account holder can electronically transfer the funds from their bank account to other account, either in the same bank with same branch, same bank with different branch, or a different bank. All they need to do is to mention the details carefully along with the correct bank IFSC code for a successful and secured fund transfer to beneficiarys account.

How does IFSC code work?

It works in as easy process as it appears. Once an account holder fills the application form filled with the correct mandatory details and submits form, a message is sent to the Central Service Centre of NEFT by senders bank, and then a message is delivered to the recipients bank carrying the information regarding the transaction and the amount that is to be credited to the beneficiarys bank account. The specific amount of funds is then debited from the originators bank account and the amount is credited to the recipients account. Most of the online banking transactions can be successful only with the appropriate and precise details mentioned at the banking domain. And it is no doubt to mention that IFSC codes are extremely important during NEFT and other online banking transactions.

What is MICR Code?

Magnetic Ink Character Recognition, simply known as MICR. It is a unique 9 digit code where the first three digits signify the city code, the next three represents the bank code, and the last three denotes the branch code of a bank. It is like a bar code which can be read and understood by human without the need of bar code reader machine. One can easily observe the Andhra Bank MICR code mentioned at the bottom of every cheque leaf and on the first page of a bank passbook. Thus, one can easily identify the bank and the branch through IFSC and MICR code.

As every bank branch has unique identity code, MICR code is mentioned at every cheque of a cheque book, not just for protecting the transaction with a bar code, but, also, for assisting RBI to boost up the clearing process for quick fund transfers.

How does MICR code work?

Manual cheque clearing system comes with high risk of manual errors and subsequent delay in cheque clearance. Therefore, MICR code is printed using a unique magnetic ink that consists of special magnetic material, which makes the code machine-readable and thus, it is almost error-proof. Under this system, a cheque sorting machine or the cheque reading machine reads the MICR code when a cheque is inserted and identifies the branch which the cheque belongs to, and thus, an automation clearing process is processed for quick cheque clearance.

As per the guideline of the Reserve Bank of India, all bank branches will be enabled with MICR codes. This was intended to reduce manual and paper-based clearing process.

What is a difference between Andhra bank IFSC code and MICR code?

Today, monetary transactions are not just restricted among the banks and countries. Almost every individual has a bank account today, which makes it essential for financial institutions to have a unique verification code to process the transactions successfully. To make the transactions faster, there are several sites available over the web, like, where users can search bank by IFSC code and even can make IFSC search to identify the bank branch. But, there are many people who confuse themselves with IFSC and MICR codes believing that both have the same characters; however, both Andhra Bank IFSC Code and Andhra Bank MICR code are different serving the same agenda. Lets dive into the details to have a clearer understanding of the codes and their role in the secured banking system.

IFSC code (Indian Financial System Code) is an 11 digit unique identity code which is used to identify the bank among all the participating banks under NEFT system. No bank can have the same alphanumeric code. The code is uniquely affiliated to the bank and its branch. Of the 11 alphanumeric characters, the first four characters signify the bank branch, the fifth character remains zero as per RBIs guidelines, and the remaining 6 characters identify a particular bank branch.

For example, Andhra bank IFSC code for Shahpura, Bhopal (Madhya Pradesh) is ANDB0002203. With this code, any individual can search bank by IFSC code, or can search IFSC code for a particular bank and branch through several websites such as

On the other hand, MICR (Magnetic Ink Character Recognition), which can be seen at the bottom of every cheque leaf, the code was introduced with an intend to increase and improve security in terms of reliability of banking transactions. Basically, Andhra bank MICR code is a 9 digit number. Of the 9-digits, the first three digits identify the city, the middle three digits represent the bank, and the last three digits specify the bank branch.

Both IFSC and MICR codes represents the bank in different formats, i.e., IFSC code identify the bank branch in alphabetic characters, whereas, MICR code signifies the bank in numeric format. Therefore, both the codes have the same agenda, but, in a slightly different format.

The MICR code is written with special magnetic ink which can be identified by magnetic scanners. The code can be read with the naked eyes as well, and thus, one does not need a special code reader machine. Like, a bar code can be read through a bar-code reader machine only. For example, Andhra bank MICR code for RR Labs, Bhopal branch is 462011004.

Coming to the conclusion, it can be mentioned that both Andhra Bank IFSC code and MICR code serves the same agenda and reduces the cuff that can often spoil the secured banking system. The codes are highly important to simplify banking payment and monetary transactions. They also reduce the risk of hassles involved during the banking transactions. Hence, both IFSC and MICR codes are indispensable for secured and reliable banking procedures.

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