Axis Bank Visakhapatnam Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Visakhapatnam Vishakhapatnam Andhra Pradesh

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MICR Code	530211012
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Akkayyapalem
Contact	2767915
Bank Details	Axis Bank Akkayyapalem UTIB0003057

Location	Visakhapatnam, Vishakhapatnam
City	Visakhapatnam
District	Vishakhapatnam
State	Andhra Pradesh
Pincode	530016
Country	IN
Address	Sai towers 45562 15 ground floor narasimha nagar akkayyapalem visakhapatnam ap 530024

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 530211012 for Akkayyapalem branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 530211012 of Axis Bank, Akkayyapalem branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Akkayyapalem branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Axis Bank are available with micr code -

>>Akkayyapalem >>Bc Road >>Kgh Road >>Madhurawada >>Murali Nagar >>Pandurangapuram >>Seethammadhara >>The Kanakamahalakshmi Co Op Bank >>Visakhapatnam (Service Branch)

MICR code for Axis Bank Akkayyapalem

Axis Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Axis Bank MICR code for Akkayyapalem is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 530211012 is the MICR code of Axis Bank for Akkayyapalem branch. MICR code for Akkayyapalem branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Axis Bank Akkayyapalem is presented in the table alongside.

Use of Axis Bank MICR code for Akkayyapalem branch in visakhapatnam

The MICR code 530211012 is used in RBI cheque clearing process to identify the branch Akkayyapalem and Axis Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Axis Bank is typically in either of these two font’s: E-138 and CMC-7.

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