Axis Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code	500211041
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Prakash Nagar
Contact
Bank Details	Axis Bank Prakash Nagar UTIB0001454

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Andhra Pradesh
Pincode	500016
Country	IN
Address	501, naik's vijayasri nivas, h.no.1-11-255,begumpet road no. 1, (beside begumpet airport ),sp road , hyderabad , andhra pradesh, pin 500016.

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 500211041 for Prakash Nagar 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 500211041 of Axis Bank, Prakash Nagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Prakash Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 33 branches of Axis Bank are available with micr code -

>>Amberpet >>Andhra Bank Employees Co Op Bank >>Apkvib >>Basheerbagh >>Champapet >>Chandrayangutta >>Corporate Banking Branch Hyderabad >>Corporate Credit Op Hyd Ap >>Diamond Point >>Gachibowli Andhra Pradesh >>Habsiguga >>Hanuman Tekdi >>Jubilee Hills Mercantile Coop Urban >>Kacheguda >>Khairatabad >>Kothapet >>Marredpally >>Masab Tank >>Miyapur >>Motinagar >>Musheerabad >>Prakash Nagar >>Ranga Reddy Cooperative Urban Bank >>Road No.12 Banjar Hills >>Road No.2 Banjara Hills >>Road No.36 Jubilee Hills >>Serilingampally >>Siddiamber Bazar >>Suryapet >>The Catholic Coop Urban Bank Ltd >>The Kakatiya Cooperative Urban Bank >>Tirumalghery Andhra Pradesh >>Tolichowki

MICR code for Axis Bank Prakash Nagar

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 Prakash Nagar 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. 500211041 is the MICR code of Axis Bank for Prakash Nagar branch. MICR code for Prakash Nagar 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 Prakash Nagar is presented in the table alongside.

Use of Axis Bank MICR code for Prakash Nagar branch in hyderabad

The MICR code 500211041 is used in RBI cheque clearing process to identify the branch Prakash Nagar 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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