Axis Bank Rajim Raipur Chhattisgarh MICR CODE

Find MICR Codes for Axis Bank Rajim Raipur Chhattisgarh

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MICR Code	493211501
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rajim
Contact	0771 235301
Bank Details	Axis Bank Rajim UTIB0001396

Location	Rajim, Raipur
City	Rajim
District	Raipur
State	Chhattisgarh
Pincode	493885
Country	IN
Address	Axis bank ltd. Rajim branch raipur devbhog road, near gramin bank, ps: rajim pin: 493885 chattisgarh

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 493211501 for Rajim 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 493211501 of Axis Bank, Rajim branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Rajim branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Rajim

MICR code for Axis Bank Rajim

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 Rajim 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. 493211501 is the MICR code of Axis Bank for Rajim branch. MICR code for Rajim 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 Rajim is presented in the table alongside.

Use of Axis Bank MICR code for Rajim branch in rajim

The MICR code 493211501 is used in RBI cheque clearing process to identify the branch Rajim 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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