Axis Bank Rayachoti Cuddapah Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Rayachoti Cuddapah Andhra Pradesh

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MICR Code	516211622
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rayachoti
Contact	(08561) 254003/ 05
Bank Details	Axis Bank Rayachoti UTIB0002158

Location	Rayachoti, Cuddapah
City	Rayachoti
District	Cuddapah
State	Andhra Pradesh
Pincode	516269
Country	IN
Address	Door no.33/33-a, kadapa-chitoor highway, rayachoti, dist,kadapa, andhra pradesh, pin 516269

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 516211622 for Rayachoti 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 516211622 of Axis Bank, Rayachoti branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Rayachoti 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 -

>>Rayachoti

MICR code for Axis Bank Rayachoti

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 Rayachoti 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. 516211622 is the MICR code of Axis Bank for Rayachoti branch. MICR code for Rayachoti 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 Rayachoti is presented in the table alongside.

Use of Axis Bank MICR code for Rayachoti branch in rayachoti

The MICR code 516211622 is used in RBI cheque clearing process to identify the branch Rayachoti 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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