Axis Bank Karapa East Godavari Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Karapa East Godavari Andhra Pradesh

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dr A S Rao Nagar (Hyderabad)
Contact 500062
Bank Details Axis Bank Dr A S Rao Nagar (Hyderabad) UTIB0000427
Location Karapa, East Godavari
City Karapa
District East Godavari
State Andhra Pradesh
Pincode 533462
Country IN
Address Plot no b - 3 ,opp. Sai sudhir degree college main road, dr a s rao nagar, kapra
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 500211013 for Dr A S Rao Nagar (Hyderabad) 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 500211013 of Axis Bank, Dr A S Rao Nagar (Hyderabad) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Dr A S Rao Nagar (Hyderabad) 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 -

>>Dr A S Rao Nagar (Hyderabad)

MICR code for Axis Bank Dr A S Rao Nagar (Hyderabad)

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 Dr A S Rao Nagar (Hyderabad) 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. 500211013 is the MICR code of Axis Bank for Dr A S Rao Nagar (Hyderabad) branch. MICR code for Dr A S Rao Nagar (Hyderabad) 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 Dr A S Rao Nagar (Hyderabad) is presented in the table alongside.

Use of Axis Bank MICR code for Dr A S Rao Nagar (Hyderabad) branch in karapa

The MICR code 500211013 is used in RBI cheque clearing process to identify the branch Dr A S Rao Nagar (Hyderabad) 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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