Axis Bank Latehar Balumath Jharkhand MICR CODE

Find MICR Codes for Axis Bank Latehar Balumath Jharkhand

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Balumath
Contact	6568-6200144112
Bank Details	Axis Bank Balumath UTIB0005718

Location	Latehar, Balumath
City	Latehar
District	Balumath
State	Jharkhand
Pincode
Country	IN
Address	New satya narayan complex, nh 99, ranchi chatra road, near murpa more po ps balumath

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 0 for Balumath 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 0 of Axis Bank, Balumath branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Balumath 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 -

>>Balumath

MICR code for Axis Bank Balumath

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 Balumath 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. 0 is the MICR code of Axis Bank for Balumath branch. MICR code for Balumath 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 Balumath is presented in the table alongside.

Use of Axis Bank MICR code for Balumath branch in latehar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Balumath 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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