Axis Bank Rangareddy Hyderabad Telangana MICR CODE

Find MICR Codes for Axis Bank Rangareddy Hyderabad Telangana

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MICR Code	500211073
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kphb Road No One
Contact	48504950
Bank Details	Axis Bank Kphb Road No One UTIB0003385

Location	Rangareddy, Hyderabad
City	Rangareddy
District	Hyderabad
State	Telangana
Pincode	500072
Country	IN
Address	H no 152 mig 1 rd no 1 kphb colony

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 500211073 for Kphb Road No One 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 500211073 of Axis Bank, Kphb Road No One branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kphb Road No One 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 -

>>Kphb Road No One >>Old Alwal

MICR code for Axis Bank Kphb Road No One

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 Kphb Road No One 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. 500211073 is the MICR code of Axis Bank for Kphb Road No One branch. MICR code for Kphb Road No One 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 Kphb Road No One is presented in the table alongside.

Use of Axis Bank MICR code for Kphb Road No One branch in rangareddy

The MICR code 500211073 is used in RBI cheque clearing process to identify the branch Kphb Road No One 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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