Axis Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ranga Reddy Cooperative Urban Bank
Contact 24053232
Bank Details Axis Bank Ranga Reddy Cooperative Urban Bank UTIB0SRNG01
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500060
Country IN
Address Abhiteja r b castle, nagole road, lakshmi nagar colony, kothapet, hyderabad, telangana 500035
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 Ranga Reddy Cooperative Urban Bank 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, Ranga Reddy Cooperative Urban Bank branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ranga Reddy Cooperative Urban Bank branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Ranga Reddy Cooperative Urban Bank

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 Ranga Reddy Cooperative Urban Bank 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 Ranga Reddy Cooperative Urban Bank branch. MICR code for Ranga Reddy Cooperative Urban Bank 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 Ranga Reddy Cooperative Urban Bank is presented in the table alongside.

Use of Axis Bank MICR code for Ranga Reddy Cooperative Urban Bank branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ranga Reddy Cooperative Urban Bank 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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