Axis Bank Baikunthpur Koriya Chhattisgarh MICR CODE

Find MICR Codes for Axis Bank Baikunthpur Koriya Chhattisgarh

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MICR Code	497211003
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Baikunthpur
Contact	9826282265
Bank Details	Axis Bank Baikunthpur UTIB0003316

Location	Baikunthpur, Koriya
City	Baikunthpur
District	Koriya
State	Chhattisgarh
Pincode	497335
Country	IN
Address	Gr fl nh 43 ward no7 sch para baikunthpur under nagar palika baikuthpur chattisgarh 497335

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 497211003 for Baikunthpur 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 497211003 of Axis Bank, Baikunthpur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Baikunthpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Baikunthpur

MICR code for Axis Bank Baikunthpur

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 Baikunthpur 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. 497211003 is the MICR code of Axis Bank for Baikunthpur branch. MICR code for Baikunthpur 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 Baikunthpur is presented in the table alongside.

Use of Axis Bank MICR code for Baikunthpur branch in baikunthpur

The MICR code 497211003 is used in RBI cheque clearing process to identify the branch Baikunthpur 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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