Axis Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Axis Bank Chennai Chennai Tamil Nadu

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Choolaimedu
Contact 9962537039
Bank Details Axis Bank Choolaimedu UTIB0003101
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600094
Country IN
Address 242 choolaimedu high road choolaimedu chennai tamilnadu pin 600094
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 600211081 for Choolaimedu 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 600211081 of Axis Bank, Choolaimedu branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Choolaimedu branch, makes the characters readable even if there are other marks and stamps on it.

A total of 126 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Choolaimedu

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 Choolaimedu 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. 600211081 is the MICR code of Axis Bank for Choolaimedu branch. MICR code for Choolaimedu 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 Choolaimedu is presented in the table alongside.

Use of Axis Bank MICR code for Choolaimedu branch in chennai

The MICR code 600211081 is used in RBI cheque clearing process to identify the branch Choolaimedu 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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