Axis Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Axis Bank Hyderabad Hyderabad Telangana

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MICR Code	500887002
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sreenivasa Padmavathi Coop Urban Bank Ltd
Contact	40-24041633
Bank Details	Axis Bank Sreenivasa Padmavathi Coop Urban Bank Ltd UTIB0SSPB22

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Telangana
Pincode	500035
Country	IN
Address	20, 11, 39 by g1, ushodaya apts, huda complex, main road, saroornagar, hyderabad, 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.

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Sreenivasa Padmavathi Coop Urban Bank Ltd (500887002)

How does MICR code 500887002 for Sreenivasa Padmavathi Coop Urban Bank Ltd 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 500887002 of Axis Bank, Sreenivasa Padmavathi Coop Urban Bank Ltd branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sreenivasa Padmavathi Coop Urban Bank Ltd branch, makes the characters readable even if there are other marks and stamps on it.

A total of 48 branches of Axis Bank are available with micr code -

>>Alkapuri >>Ap Rajarajeswari Mahila Coop Urban >>Attapur >>Bahadurpura >>Balaji Nagar >>Bandlaguda >>Bn Reddy Nagar >>Botanical Garden >>Dd Colony >>Dharamkaramroad >>Financial District >>Gajularamaram >>Gandhi Nagar Branch >>Gayathrinagar >>Hitech City >>Hydernagar >>Image Garden >>Jp Nagar >>Kattedan >>Kavuri Hills >>Krishna Nagar >>Madhuranagar >>Malkajgiri Main Road >>Mehdipatnam Junction Road >>Nacharam >>Nanakramguda >>Nanalnagar >>Narsingi >>Nizampet >>Oldbowenpally >>Panjagutta >>Pragathi Nagar >>Ramnagar Main Road >>Road No Ten Jubilee Hills >>S D Road Secunderabad >>S P Road Secunderabad >>Sainikpuri >>Sanath Nagar >>Saroornagar >>Seven Hills Cooperative Urban Bank >>Sreenivasa Padmavathi Coop Urban Bank Ltd >>Suncity >>The Catholic Coop Urban Bank Ltd >>The Kranthi Coop Urban Bank Ltd >>Vanasthalipuram >>Vijayanagar Colony >>Vikrampuri >>Vivekanandanagar

MICR code for Axis Bank Sreenivasa Padmavathi Coop Urban Bank Ltd

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 Sreenivasa Padmavathi Coop Urban Bank Ltd 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. 500887002 is the MICR code of Axis Bank for Sreenivasa Padmavathi Coop Urban Bank Ltd branch. MICR code for Sreenivasa Padmavathi Coop Urban Bank Ltd 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 Sreenivasa Padmavathi Coop Urban Bank Ltd is presented in the table alongside.

Use of Axis Bank MICR code for Sreenivasa Padmavathi Coop Urban Bank Ltd branch in hyderabad

The MICR code 500887002 is used in RBI cheque clearing process to identify the branch Sreenivasa Padmavathi Coop Urban Bank Ltd 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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