Axis Bank Bengaluru Bangalore Karnataka MICR CODE

Find MICR Codes for Axis Bank Bengaluru Bangalore Karnataka

Bank
State
District
City
Branch
Address

MICR Code	560211116
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Magadi Road
Contact	9538040511
Bank Details	Axis Bank Magadi Road UTIB0004051

Location	Bengaluru, Bangalore
City	Bengaluru
District	Bangalore
State	Karnataka
Pincode	560091
Country	IN
Address	Gr flr no 116 2 anjana nagar magadi rd bengaluru 560091

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 560211116 for Magadi Road 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 560211116 of Axis Bank, Magadi Road branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Magadi Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Axis Bank are available with micr code -

>>Ayyappa Nagar >>Gottigere >>Ksrtc Layout Jp Nagar >>Magadi Road >>Mathikere >>Nagadevanahalli >>Prashanth Nagar >>Seshadripuram >>Varthur Road

MICR code for Axis Bank Magadi Road

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 Magadi Road 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. 560211116 is the MICR code of Axis Bank for Magadi Road branch. MICR code for Magadi Road 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 Magadi Road is presented in the table alongside.

Use of Axis Bank MICR code for Magadi Road branch in bengaluru

The MICR code 560211116 is used in RBI cheque clearing process to identify the branch Magadi Road 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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