Axis Bank Dakshina Kannada Mangalore Karnataka MICR CODE

Find MICR Codes for Axis Bank Dakshina Kannada Mangalore Karnataka

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pumpwell
Contact 824-9886263208
Bank Details Axis Bank Pumpwell UTIB0005979
Location Dakshina Kannada, Mangalore
City Dakshina Kannada
District Mangalore
State Karnataka
Pincode 575002
Country IN
Address Ground floor, lotus galaxy, capitanio school rd, pumpwell, mangaluru, karnataka 575002
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 0 for Pumpwell 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 0 of Axis Bank, Pumpwell branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Pumpwell 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 -

>>Falnir Road >>Pumpwell

MICR code for Axis Bank Pumpwell

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 Pumpwell 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. 0 is the MICR code of Axis Bank for Pumpwell branch. MICR code for Pumpwell 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 Pumpwell is presented in the table alongside.

Use of Axis Bank MICR code for Pumpwell branch in dakshina kannada

The MICR code 0 is used in RBI cheque clearing process to identify the branch Pumpwell 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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