Axis Bank Mudhol Bagalkote Karnataka MICR CODE

Find MICR Codes for Axis Bank Mudhol Bagalkote Karnataka

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MICR Code	587211501
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mudhol
Contact	08350-283366/282366 , 08350-280366
Bank Details	Axis Bank Mudhol UTIB0002023

Location	Mudhol, Bagalkote
City	Mudhol
District	Bagalkote
State	Karnataka
Pincode	587313
Country	IN
Address	Axis bank ltd, mudhol branch, salimath arcade, opp. To town municipal office, bus stand road, mudhol - 587313

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 587211501 for Mudhol 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 587211501 of Axis Bank, Mudhol branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mudhol 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 -

>>Mudhol

MICR code for Axis Bank Mudhol

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 Mudhol 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. 587211501 is the MICR code of Axis Bank for Mudhol branch. MICR code for Mudhol 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 Mudhol is presented in the table alongside.

Use of Axis Bank MICR code for Mudhol branch in mudhol

The MICR code 587211501 is used in RBI cheque clearing process to identify the branch Mudhol 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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