Axis Bank Kadapa Kadapa Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Kadapa Kadapa Andhra Pradesh

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MICR Code	516211502
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kodur
Contact	8469318
Bank Details	Axis Bank Kodur UTIB0003542

Location	Kadapa, Kadapa
City	Kadapa
District	Kadapa
State	Andhra Pradesh
Pincode	516101
Country	IN
Address	No 6 124 railway kodur madras highways kadapa 516101

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 516211502 for Kodur 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 516211502 of Axis Bank, Kodur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kodur 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 -

>>Kodur >>Prakashnagar Kadapa

MICR code for Axis Bank Kodur

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 Kodur 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. 516211502 is the MICR code of Axis Bank for Kodur branch. MICR code for Kodur 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 Kodur is presented in the table alongside.

Use of Axis Bank MICR code for Kodur branch in kadapa

The MICR code 516211502 is used in RBI cheque clearing process to identify the branch Kodur 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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