Axis Bank Kodad Nalgonda Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Kodad Nalgonda Andhra Pradesh

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MICR Code	508211302
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kodad
Contact	250881
Bank Details	Axis Bank Kodad UTIB0002616

Location	Kodad, Nalgonda
City	Kodad
District	Nalgonda
State	Andhra Pradesh
Pincode	508206
Country	IN
Address	Hno 4 113 10 bharat reddy complex nh 9 main road kodad 508206

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 508211302 for Kodad 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 508211302 of Axis Bank, Kodad branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kodad 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 -

>>Kodad

MICR code for Axis Bank Kodad

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 Kodad 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. 508211302 is the MICR code of Axis Bank for Kodad branch. MICR code for Kodad 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 Kodad is presented in the table alongside.

Use of Axis Bank MICR code for Kodad branch in kodad

The MICR code 508211302 is used in RBI cheque clearing process to identify the branch Kodad 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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