Axis Bank Srikakulam Srikakulam Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Srikakulam Srikakulam Andhra Pradesh

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MICR Code	532211542
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Narasannapeta
Contact	8469318
Bank Details	Axis Bank Narasannapeta UTIB0003677

Location	Srikakulam, Srikakulam
City	Srikakulam
District	Srikakulam
State	Andhra Pradesh
Pincode	532421
Country	IN
Address	Dno. 1981, ward no. 18, block no. 23, gottipalli revenue village, narasannapeta, srikakulam 532421

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 532211542 for Narasannapeta 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 532211542 of Axis Bank, Narasannapeta branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Narasannapeta 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 -

>>Narasannapeta >>Srikakulam

MICR code for Axis Bank Narasannapeta

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 Narasannapeta 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. 532211542 is the MICR code of Axis Bank for Narasannapeta branch. MICR code for Narasannapeta 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 Narasannapeta is presented in the table alongside.

Use of Axis Bank MICR code for Narasannapeta branch in srikakulam

The MICR code 532211542 is used in RBI cheque clearing process to identify the branch Narasannapeta 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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