Axis Bank Bangalore Urban Bangalore Karnataka MICR CODE

Find MICR Codes for Axis Bank Bangalore Urban Bangalore Karnataka

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nyayamitra Sahakara Bank
Contact 22865939
Bank Details Axis Bank Nyayamitra Sahakara Bank UTIB0SNSBNB
Location Bangalore Urban, Bangalore
City Bangalore Urban
District Bangalore
State Karnataka
Pincode 560001
Country IN
Address Admn office high court buildingnew annexedrambedkar veedhibengaleru560001
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 560226329 for Nyayamitra Sahakara Bank 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 560226329 of Axis Bank, Nyayamitra Sahakara Bank branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Nyayamitra Sahakara Bank branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Axis Bank are available with micr code -

>>Ananda Coop Bank Ltd >>Hesaraghatta Main Road >>Karthiknagar >>Nyayamitra Sahakara Bank >>Sree Subramanyeswara Coop

MICR code for Axis Bank Nyayamitra Sahakara Bank

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 Nyayamitra Sahakara Bank 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. 560226329 is the MICR code of Axis Bank for Nyayamitra Sahakara Bank branch. MICR code for Nyayamitra Sahakara Bank 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 Nyayamitra Sahakara Bank is presented in the table alongside.

Use of Axis Bank MICR code for Nyayamitra Sahakara Bank branch in bangalore urban

The MICR code 560226329 is used in RBI cheque clearing process to identify the branch Nyayamitra Sahakara Bank 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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