Axis Bank Challakere Chitradurga Karnataka MICR CODE

Find MICR Codes for Axis Bank Challakere Chitradurga Karnataka

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MICR Code	577211503
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Challakere
Contact	224458
Bank Details	Axis Bank Challakere UTIB0002868

Location	Challakere, Chitradurga
City	Challakere
District	Chitradurga
State	Karnataka
Pincode	577522
Country	IN
Address	No 16671566 15343795 16691500 bangalorerd challakere 577522 chitradurga dist ka

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 577211503 for Challakere 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 577211503 of Axis Bank, Challakere branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Challakere 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 -

>>Challakere

MICR code for Axis Bank Challakere

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 Challakere 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. 577211503 is the MICR code of Axis Bank for Challakere branch. MICR code for Challakere 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 Challakere is presented in the table alongside.

Use of Axis Bank MICR code for Challakere branch in challakere

The MICR code 577211503 is used in RBI cheque clearing process to identify the branch Challakere 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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