Axis Bank Bhongir Yadadri Bhuvanagiri Telangana MICR CODE

Find MICR Codes for Axis Bank Bhongir Yadadri Bhuvanagiri Telangana

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MICR Code	508211702
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhongir
Contact	244115
Bank Details	Axis Bank Bhongir UTIB0003574

Location	Bhongir, Yadadri Bhuvanagiri
City	Bhongir
District	Yadadri Bhuvanagiri
State	Telangana
Pincode	508116
Country	IN
Address	No1 5 330 station road opp sai baba temple bhongir 508116 nalgonda

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 508211702 for Bhongir 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 508211702 of Axis Bank, Bhongir branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Bhongir 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 -

>>Bhongir

MICR code for Axis Bank Bhongir

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 Bhongir 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. 508211702 is the MICR code of Axis Bank for Bhongir branch. MICR code for Bhongir 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 Bhongir is presented in the table alongside.

Use of Axis Bank MICR code for Bhongir branch in bhongir

The MICR code 508211702 is used in RBI cheque clearing process to identify the branch Bhongir 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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