Axis Bank Belgaum Belgaum Karnataka MICR CODE

Find MICR Codes for Axis Bank Belgaum Belgaum Karnataka

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MICR Code	591211302
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nipani
Contact	9611085461 / ( 08338) 222813
Bank Details	Axis Bank Nipani UTIB0001976

Location	Belgaum, Belgaum
City	Belgaum
District	Belgaum
State	Karnataka
Pincode	591237
Country	IN
Address	694/4, ashok nagar, nipani , taluk : chikodi, dist. Belgaum, karnatak a pin 591237

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 591211302 for Nipani 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 591211302 of Axis Bank, Nipani branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Nipani branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of Axis Bank are available with micr code -

>>Akkamahadevi Mahila Sahakari Bank >>Belagavi Shree Basaveshwar Coop Bank >>Belgaum (Karnataka) >>Belgaum Hanuman Nagar >>Daivadnya Sahakara Bank Niyamit >>Kadolkar Galli Belgaum >>Nehru Nagar (Belgaum Ii) >>Nipani >>The Belgaum Dist Revenue Employees Co Op Bank Ltd >>The Belgaum Industrial Coop Bank >>The Jagruti Cooperative Bank Ltd

MICR code for Axis Bank Nipani

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 Nipani 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. 591211302 is the MICR code of Axis Bank for Nipani branch. MICR code for Nipani 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 Nipani is presented in the table alongside.

Use of Axis Bank MICR code for Nipani branch in belgaum

The MICR code 591211302 is used in RBI cheque clearing process to identify the branch Nipani 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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