Axis Bank Jagdalpur Bastar Chhattisgarh MICR CODE

Find MICR Codes for Axis Bank Jagdalpur Bastar Chhattisgarh

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MICR Code	494211999
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Jagdalpur
Contact	(07782) 231624/ 25/ 26/ 27
Bank Details	Axis Bank Jagdalpur UTIB0000710

Location	Jagdalpur, Bastar
City	Jagdalpur
District	Bastar
State	Chhattisgarh
Pincode	494001
Country	IN
Address	Akashwani road, nayapara p.s. Parpa, jagdalpur 494001 dist. Bastar, chattisgarh

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 494211999 for Jagdalpur 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 494211999 of Axis Bank, Jagdalpur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Jagdalpur 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 -

>>Jagdalpur >>Jila Sahakari Kendriya Bank Maryadit Jagdalpur (C.G.)

MICR code for Axis Bank Jagdalpur

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 Jagdalpur 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. 494211999 is the MICR code of Axis Bank for Jagdalpur branch. MICR code for Jagdalpur 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 Jagdalpur is presented in the table alongside.

Use of Axis Bank MICR code for Jagdalpur branch in jagdalpur

The MICR code 494211999 is used in RBI cheque clearing process to identify the branch Jagdalpur 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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