Axis Bank Bibinagar Nalgonda Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Bibinagar Nalgonda Andhra Pradesh

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MICR Code	500211025
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bibinagar
Contact	(08685) 279001/ 2/ 3 / (08685) 279004
Bank Details	Axis Bank Bibinagar UTIB0001114

Location	Bibinagar, Nalgonda
City	Bibinagar
District	Nalgonda
State	Andhra Pradesh
Pincode	508126
Country	IN
Address	Vijay manohar mansion,door no. 5-105/6/1, ground floor,plot no.14 &15, survey no.596,hyderabad-warangal main road,bibinagar village & mandal,dist. Nalgonda, andhra pradesh 508126

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 500211025 for Bibinagar 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 500211025 of Axis Bank, Bibinagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Bibinagar 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 -

>>Bibinagar

MICR code for Axis Bank Bibinagar

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 Bibinagar 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. 500211025 is the MICR code of Axis Bank for Bibinagar branch. MICR code for Bibinagar 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 Bibinagar is presented in the table alongside.

Use of Axis Bank MICR code for Bibinagar branch in bibinagar

The MICR code 500211025 is used in RBI cheque clearing process to identify the branch Bibinagar 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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