Axis Bank Visakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Visakhapatnam Visakhapatnam Andhra Pradesh

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rama Talkies Junction
Contact 2469318
Bank Details Axis Bank Rama Talkies Junction UTIB0003247
Location Visakhapatnam, Visakhapatnam
City Visakhapatnam
District Visakhapatnam
State Andhra Pradesh
Pincode 530013
Country IN
Address Sri ramasai gayatri arcade 48 6 20 srinagar opp rama talkies visakhapatnam 530013
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 530211014 for Rama Talkies Junction 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 530211014 of Axis Bank, Rama Talkies Junction branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Rama Talkies Junction branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Rama Talkies Junction

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 Rama Talkies Junction 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. 530211014 is the MICR code of Axis Bank for Rama Talkies Junction branch. MICR code for Rama Talkies Junction 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 Rama Talkies Junction is presented in the table alongside.

Use of Axis Bank MICR code for Rama Talkies Junction branch in visakhapatnam

The MICR code 530211014 is used in RBI cheque clearing process to identify the branch Rama Talkies Junction 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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