Axis Bank Madhupur Deoghar Jharkhand MICR CODE

Find MICR Codes for Axis Bank Madhupur Deoghar Jharkhand

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Madhupur
Contact	8873223288
Bank Details	Axis Bank Madhupur UTIB0004103

Location	Madhupur, Deoghar
City	Madhupur
District	Deoghar
State	Jharkhand
Pincode
Country	IN
Address	Ground floor holding no 299 kundu bari road ward no10++12 old madhupur jharkhand

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 0 for Madhupur 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 0 of Axis Bank, Madhupur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Madhupur 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 -

>>Madhupur

MICR code for Axis Bank Madhupur

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 Madhupur 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. 0 is the MICR code of Axis Bank for Madhupur branch. MICR code for Madhupur 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 Madhupur is presented in the table alongside.

Use of Axis Bank MICR code for Madhupur branch in madhupur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Madhupur 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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