Axis Bank Latur Latur Maharashtra MICR CODE

Find MICR Codes for Axis Bank Latur Latur Maharashtra

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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	Udgir
Contact	Manoj Suryawanshi (Rbo-Pune Circle)
Bank Details	Axis Bank Udgir UTIB0001945

Location	Latur, Latur
City	Latur
District	Latur
State	Maharashtra
Pincode	413517
Country	IN
Address	Lasune complex, plot no. 3-2-2/2, shivaji chowk, degloor road, udgir -413517

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

A total of 3 branches of Axis Bank are available with micr code -

>>Latur >>Marketyard Latur >>Udgir

MICR code for Axis Bank Udgir

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 Udgir 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 Udgir branch. MICR code for Udgir 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 Udgir is presented in the table alongside.

Use of Axis Bank MICR code for Udgir branch in latur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Udgir 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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