Axis Bank Mahbubnagar Mahbubnagar Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Mahbubnagar Mahbubnagar Andhra Pradesh

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MICR Code	509211002
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mahbubnagar
Contact	(08542) 250828/ 29/ 30 , (08542) 250831
Bank Details	Axis Bank Mahbubnagar UTIB0001001

Location	Mahbubnagar, Mahbubnagar
City	Mahbubnagar
District	Mahbubnagar
State	Andhra Pradesh
Pincode	509001
Country	IN
Address	H.no. 2-3-13/a, 2-3-13/a/1, ground floor, sri sai balaji towers , near ashok talkies cross , roads mahbubnagar, andhra pradesh 509001

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 509211002 for Mahbubnagar 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 509211002 of Axis Bank, Mahbubnagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mahbubnagar 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 -

>>Mahbubnagar >>The Palamoor Co Operative Urban Bank Ltd

MICR code for Axis Bank Mahbubnagar

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 Mahbubnagar 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. 509211002 is the MICR code of Axis Bank for Mahbubnagar branch. MICR code for Mahbubnagar 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 Mahbubnagar is presented in the table alongside.

Use of Axis Bank MICR code for Mahbubnagar branch in mahbubnagar

The MICR code 509211002 is used in RBI cheque clearing process to identify the branch Mahbubnagar 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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