Axis Bank Bhilainagar Durg Chhattisgarh MICR CODE

Find MICR Codes for Axis Bank Bhilainagar Durg Chhattisgarh

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MICR Code	490211003
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nehru Nagar Square
Contact
Bank Details	Axis Bank Nehru Nagar Square UTIB0001547

Location	Bhilainagar, Durg
City	Bhilainagar
District	Durg
State	Chhattisgarh
Pincode	490020
Country	IN
Address	19, priyadarshini parisar,grace plaza, nehru nagar chowk,bhilai, dist. Durg,chattisgarh, pin 490020

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 490211003 for Nehru Nagar Square 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 490211003 of Axis Bank, Nehru Nagar Square branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Nehru Nagar Square 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 -

>>Bhilai (Chhatisgarh) >>Nehru Nagar Square

MICR code for Axis Bank Nehru Nagar Square

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 Nehru Nagar Square 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. 490211003 is the MICR code of Axis Bank for Nehru Nagar Square branch. MICR code for Nehru Nagar Square 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 Nehru Nagar Square is presented in the table alongside.

Use of Axis Bank MICR code for Nehru Nagar Square branch in bhilainagar

The MICR code 490211003 is used in RBI cheque clearing process to identify the branch Nehru Nagar Square 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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