Axis Bank Ilkal Bagalkote Karnataka MICR CODE

Find MICR Codes for Axis Bank Ilkal Bagalkote Karnataka

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MICR Code	587211502
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ilkal
Contact	7204251333
Bank Details	Axis Bank Ilkal UTIB0002560

Location	Ilkal, Bagalkote
City	Ilkal
District	Bagalkote
State	Karnataka
Pincode	587125
Country	IN
Address	4613 1 karjagi complex bus stand road ilkal 587125

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 587211502 for Ilkal 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 587211502 of Axis Bank, Ilkal branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ilkal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Axis Bank are available with micr code -

>>Ilkal >>Ilkal Cooperative Bank Ltd

MICR code for Axis Bank Ilkal

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 Ilkal 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. 587211502 is the MICR code of Axis Bank for Ilkal branch. MICR code for Ilkal 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 Ilkal is presented in the table alongside.

Use of Axis Bank MICR code for Ilkal branch in ilkal

The MICR code 587211502 is used in RBI cheque clearing process to identify the branch Ilkal 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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