Axis Bank Markapur Prakasam Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Markapur Prakasam Andhra Pradesh

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MICR Code	523211202
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Markapur
Contact	8595225477
Bank Details	Axis Bank Markapur UTIB0002610

Location	Markapur, Prakasam
City	Markapur
District	Prakasam
State	Andhra Pradesh
Pincode	523316
Country	IN
Address	Sns residency 9 5 6 ground floor college road opp santi clinic markapur pin 523316

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 523211202 for Markapur 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 523211202 of Axis Bank, Markapur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Markapur 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 -

>>Markapur

MICR code for Axis Bank Markapur

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 Markapur 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. 523211202 is the MICR code of Axis Bank for Markapur branch. MICR code for Markapur 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 Markapur is presented in the table alongside.

Use of Axis Bank MICR code for Markapur branch in markapur

The MICR code 523211202 is used in RBI cheque clearing process to identify the branch Markapur 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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