Axis Bank Medak Siddipet Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Medak Siddipet Andhra Pradesh

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MICR Code	502211202
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Siddipeta
Contact	(08457) 231021/22/23/24 098494 77266
Bank Details	Axis Bank Siddipeta UTIB0001797

Location	Medak, Siddipet
City	Medak
District	Siddipet
State	Andhra Pradesh
Pincode	502103
Country	IN
Address	H.no.3-4-59 new no 3-4-143, sajidpura, siddipeta, district. Medak, hyderabad, andhra pradesh, pin 502103

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 502211202 for Siddipeta 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 502211202 of Axis Bank, Siddipeta branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Siddipeta 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 -

>>Siddipeta

MICR code for Axis Bank Siddipeta

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 Siddipeta 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. 502211202 is the MICR code of Axis Bank for Siddipeta branch. MICR code for Siddipeta 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 Siddipeta is presented in the table alongside.

Use of Axis Bank MICR code for Siddipeta branch in medak

The MICR code 502211202 is used in RBI cheque clearing process to identify the branch Siddipeta 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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