Axis Bank Kompally Nalgonda Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Kompally Nalgonda Andhra Pradesh

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MICR Code	500211019
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kompally
Contact	(040) 64527020/ 21 (08418) 233980
Bank Details	Axis Bank Kompally UTIB0000702

Location	Kompally, Nalgonda
City	Kompally
District	Nalgonda
State	Andhra Pradesh
Pincode	500014
Country	IN
Address	Sree vensai towers, g1, no.107 & 108 upper ground floor & first floor varuna block, sy no. 128, kompally 500 014, dist. Rangareddy, andhra pradesh

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 500211019 for Kompally 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 500211019 of Axis Bank, Kompally branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kompally 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 -

>>Kompally

MICR code for Axis Bank Kompally

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 Kompally 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. 500211019 is the MICR code of Axis Bank for Kompally branch. MICR code for Kompally 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 Kompally is presented in the table alongside.

Use of Axis Bank MICR code for Kompally branch in kompally

The MICR code 500211019 is used in RBI cheque clearing process to identify the branch Kompally 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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