Axis Bank Banki Cuttack Orissa MICR CODE

Find MICR Codes for Axis Bank Banki Cuttack Orissa

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MICR Code	754211501
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Gopalpur
Contact	(06723) 240950
Bank Details	Axis Bank Gopalpur UTIB0001975

Location	Banki, Cuttack
City	Banki
District	Cuttack
State	Orissa
Pincode	754008
Country	IN
Address	Plot no 424, gopalpur, banki, dist.cuttack, orissa, pin 754008

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 754211501 for Gopalpur 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 754211501 of Axis Bank, Gopalpur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Gopalpur 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 -

>>Gopalpur

MICR code for Axis Bank Gopalpur

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 Gopalpur 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. 754211501 is the MICR code of Axis Bank for Gopalpur branch. MICR code for Gopalpur 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 Gopalpur is presented in the table alongside.

Use of Axis Bank MICR code for Gopalpur branch in banki

The MICR code 754211501 is used in RBI cheque clearing process to identify the branch Gopalpur 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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