Axis Bank Toranagallu Bellary Karnataka MICR CODE

Find MICR Codes for Axis Bank Toranagallu Bellary Karnataka

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MICR Code	583211105
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Toranagallu
Contact	250255
Bank Details	Axis Bank Toranagallu UTIB0003870

Location	Toranagallu, Bellary
City	Toranagallu
District	Bellary
State	Karnataka
Pincode	583123
Country	IN
Address	No 100,ground floor, hospet bellary main road 583123

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 583211105 for Toranagallu 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 583211105 of Axis Bank, Toranagallu branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Toranagallu 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 -

>>Toranagallu

MICR code for Axis Bank Toranagallu

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 Toranagallu 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. 583211105 is the MICR code of Axis Bank for Toranagallu branch. MICR code for Toranagallu 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 Toranagallu is presented in the table alongside.

Use of Axis Bank MICR code for Toranagallu branch in toranagallu

The MICR code 583211105 is used in RBI cheque clearing process to identify the branch Toranagallu 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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