Axis Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Axis Bank Raipur Raipur Chhattisgarh

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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	Vip Estate
Contact	771-9777144397
Bank Details	Axis Bank Vip Estate UTIB0005016

Location	Raipur, Raipur
City	Raipur
District	Raipur
State	Chhattisgarh
Pincode
Country	IN
Address	Upper ground floor tiara complex, vidhansabha road near ashoka ratan, vip estate po shankar nagar

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

A total of 20 branches of Axis Bank are available with micr code -

>>Civil Lines Raipur >>Clothmarketraipur >>Dehradun >>Devendra Nagar >>Dumartarai >>Dunda >>G.E. Road Raipur >>Gudhiyari >>Jaistambh Chowk >>Jila Sahakari Kendriya Bank Maryadit Raipur (C.G.) >>Kayabandha Naya Raipur >>Kesla >>Mowa >>Raipur (Chhatisgarh) >>Samta Colony >>Service Branch Raipur >>Shankar Nagar Raipur >>Tagore Nagar Raipur >>Telibandha Square >>Vip Estate

MICR code for Axis Bank Vip Estate

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 Vip Estate 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 Vip Estate branch. MICR code for Vip Estate 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 Vip Estate is presented in the table alongside.

Use of Axis Bank MICR code for Vip Estate branch in raipur

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