Axis Bank Koraput Koraput Orissa MICR CODE

Find MICR Codes for Axis Bank Koraput Koraput Orissa

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MICR Code	764211505
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kotpad
Contact	283130
Bank Details	Axis Bank Kotpad UTIB0003913

Location	Koraput, Koraput
City	Koraput
District	Koraput
State	Orissa
Pincode	764058
Country	IN
Address	First floor, asv complex, holding no 180, jagdalpur road, kotpad

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 764211505 for Kotpad 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 764211505 of Axis Bank, Kotpad branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kotpad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Axis Bank are available with micr code -

>>Batasona >>Koraput >>Kotpad >>Kundra

MICR code for Axis Bank Kotpad

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 Kotpad 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. 764211505 is the MICR code of Axis Bank for Kotpad branch. MICR code for Kotpad 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 Kotpad is presented in the table alongside.

Use of Axis Bank MICR code for Kotpad branch in koraput

The MICR code 764211505 is used in RBI cheque clearing process to identify the branch Kotpad 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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