Axis Bank Hubli Dharwad Karnataka MICR CODE

Find MICR Codes for Axis Bank Hubli Dharwad Karnataka

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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	Navanagar
Contact	836-8095925156
Bank Details	Axis Bank Navanagar UTIB0005752

Location	Hubli, Dharwad
City	Hubli
District	Dharwad
State	Karnataka
Pincode	580025
Country	IN
Address	No 22 1 515 61, main road, navanagar, hubli 580025 dharwad dist karnataka

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 Navanagar 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, Navanagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Navanagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Axis Bank are available with micr code -

>>Keshwapur >>Navanagar >>The Hubli Urban Coop Bank Ltd

MICR code for Axis Bank Navanagar

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

Use of Axis Bank MICR code for Navanagar branch in hubli

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