Axis Bank Bangalore Bangalore Karnataka MICR CODE

Find MICR Codes for Axis Bank Bangalore Bangalore Karnataka

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kodichikkanahalli
Contact 25742302
Bank Details Axis Bank Kodichikkanahalli UTIB0003266
Location Bangalore, Bangalore
City Bangalore
District Bangalore
State Karnataka
Pincode 560076
Country IN
Address Arvind sharavathi gr fl g3 80feet road kodichikkanahalli vijaya bank colony, bannerghatta road 560076
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 560211081 for Kodichikkanahalli 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 560211081 of Axis Bank, Kodichikkanahalli branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kodichikkanahalli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 107 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Kodichikkanahalli

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 Kodichikkanahalli 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. 560211081 is the MICR code of Axis Bank for Kodichikkanahalli branch. MICR code for Kodichikkanahalli 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 Kodichikkanahalli is presented in the table alongside.

Use of Axis Bank MICR code for Kodichikkanahalli branch in bangalore

The MICR code 560211081 is used in RBI cheque clearing process to identify the branch Kodichikkanahalli 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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