Axis Bank Ballari Ballari Karnataka MICR CODE

Find MICR Codes for Axis Bank Ballari Ballari Karnataka

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MICR Code	583211223
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Papinayakanahalli
Contact	246166
Bank Details	Axis Bank Papinayakanahalli UTIB0003920

Location	Ballari, Ballari
City	Ballari
District	Ballari
State	Karnataka
Pincode	583223
Country	IN
Address	Ground floor,ward no.3, station road, papinayakanahalli 583223

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 583211223 for Papinayakanahalli 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 583211223 of Axis Bank, Papinayakanahalli branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Papinayakanahalli 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 -

>>Cantonment Branch >>Kaalamma Street Ballari >>Papinayakanahalli

MICR code for Axis Bank Papinayakanahalli

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 Papinayakanahalli 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. 583211223 is the MICR code of Axis Bank for Papinayakanahalli branch. MICR code for Papinayakanahalli 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 Papinayakanahalli is presented in the table alongside.

Use of Axis Bank MICR code for Papinayakanahalli branch in ballari

The MICR code 583211223 is used in RBI cheque clearing process to identify the branch Papinayakanahalli 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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