Axis Bank Hoskote Bangalore Rural Karnataka MICR CODE

Find MICR Codes for Axis Bank Hoskote Bangalore Rural Karnataka

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MICR Code	560211031
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hosakote
Contact	080 - 2793 4568 080 - 2793 4569
Bank Details	Axis Bank Hosakote UTIB0001202

Location	Hoskote, Bangalore Rural
City	Hoskote
District	Bangalore Rural
State	Karnataka
Pincode	562114
Country	IN
Address	Door no. 236, old madras road, nh 4, hoskote - 562 114. Bangalore

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 560211031 for Hosakote 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 560211031 of Axis Bank, Hosakote branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Hosakote 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 -

>>Hosakote

MICR code for Axis Bank Hosakote

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 Hosakote 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. 560211031 is the MICR code of Axis Bank for Hosakote branch. MICR code for Hosakote 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 Hosakote is presented in the table alongside.

Use of Axis Bank MICR code for Hosakote branch in hoskote

The MICR code 560211031 is used in RBI cheque clearing process to identify the branch Hosakote 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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