Axis Bank Visakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Visakhapatnam Visakhapatnam Andhra Pradesh

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sankara Matam Road
Contact	891-7022158445
Bank Details	Axis Bank Sankara Matam Road UTIB0005855

Location	Visakhapatnam, Visakhapatnam
City	Visakhapatnam
District	Visakhapatnam
State	Andhra Pradesh
Pincode
Country	IN
Address	49 24 8, bonam arcade, sankara matam road

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

A total of 10 branches of Axis Bank are available with micr code -

>>Atchutapuram >>Chinnawaltair >>Chodavaram >>Dabagardens Visakhapatnam >>Kurmannapalem >>Rama Talkies Junction >>Sankara Matam Road >>Sujatha Nagar >>Tagarapuvalasa >>Yelamanchili

MICR code for Axis Bank Sankara Matam Road

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 Sankara Matam Road 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 Sankara Matam Road branch. MICR code for Sankara Matam Road 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 Sankara Matam Road is presented in the table alongside.

Use of Axis Bank MICR code for Sankara Matam Road branch in visakhapatnam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sankara Matam Road 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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