Axis Bank Villupuram Mathur Tamil Nadu MICR CODE

Find MICR Codes for Axis Bank Villupuram Mathur Tamil Nadu

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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	Mathur
Contact
Bank Details	Axis Bank Mathur UTIB0004218

Location	Villupuram, Mathur
City	Villupuram
District	Mathur
State	Tamil Nadu
Pincode	606207
Country	IN
Address	Sf 238 1 door 388 manmalai rd mathur village panchayat and post chinnasalem taluk villupuram dist 606207

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

>>Mathur

MICR code for Axis Bank Mathur

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

Use of Axis Bank MICR code for Mathur branch in villupuram

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