Axis Bank Ranga Reddy Hyderabad Telangana MICR CODE

Find MICR Codes for Axis Bank Ranga Reddy Hyderabad Telangana

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MICR Code	501211003
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shankarpally
Contact	8417-299990
Bank Details	Axis Bank Shankarpally UTIB0004837

Location	Ranga Reddy, Hyderabad
City	Ranga Reddy
District	Hyderabad
State	Telangana
Pincode
Country	IN
Address	Ground floor d no 5 139 n 3, sy no 218 and plotno 1a 1b opp registration office, shankarpally to hyderabad main 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 501211003 for Shankarpally 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 501211003 of Axis Bank, Shankarpally branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shankarpally 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 -

>>C R Road Gachibowli >>Gandipet >>Jayabheri Enclave >>Kokapet >>Kondapur >>Masjid Banda >>Narsingi Main Road >>Puppalaguda >>Shankarpally >>Shilpa Valley

MICR code for Axis Bank Shankarpally

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 Shankarpally 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. 501211003 is the MICR code of Axis Bank for Shankarpally branch. MICR code for Shankarpally 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 Shankarpally is presented in the table alongside.

Use of Axis Bank MICR code for Shankarpally branch in ranga reddy

The MICR code 501211003 is used in RBI cheque clearing process to identify the branch Shankarpally 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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