Axis Bank Balasore Mahadevsarai Orissa MICR CODE

Find MICR Codes for Axis Bank Balasore Mahadevsarai Orissa

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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	Mahadevsarai
Contact	6781-8594927716
Bank Details	Axis Bank Mahadevsarai UTIB0005263

Location	Balasore, Mahadevsarai
City	Balasore
District	Mahadevsarai
State	Orissa
Pincode
Country	IN
Address	Axis bank ltd,ground floor,at mahadevsarai,post basta,block road,ward no 15

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

>>Mahadevsarai

MICR code for Axis Bank Mahadevsarai

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 Mahadevsarai 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 Mahadevsarai branch. MICR code for Mahadevsarai 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 Mahadevsarai is presented in the table alongside.

Use of Axis Bank MICR code for Mahadevsarai branch in balasore

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