Axis Bank Visakhapatnam Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Visakhapatnam Vishakhapatnam Andhra Pradesh

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MICR Code	530211001
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Visakhapatnam (Service Branch)
Contact
Bank Details	Axis Bank Visakhapatnam (Service Branch) UTIB0001539

Location	Visakhapatnam, Vishakhapatnam
City	Visakhapatnam
District	Vishakhapatnam
State	Andhra Pradesh
Pincode	530016
Country	IN
Address	D.no. 47-10-24/25, 2 nd floor, sai trade centre, dwaraka nagar, visakhaptnam, andhra pradesh, pin 530 016

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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Visakhapatnam (Service Branch) (530211001)

How does MICR code 530211001 for Visakhapatnam (Service Branch) 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 530211001 of Axis Bank, Visakhapatnam (Service Branch) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Visakhapatnam (Service Branch) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Axis Bank are available with micr code -

>>Akkayyapalem >>Bc Road >>Kgh Road >>Madhurawada >>Murali Nagar >>Pandurangapuram >>Seethammadhara >>The Kanakamahalakshmi Co Op Bank >>Visakhapatnam (Service Branch)

MICR code for Axis Bank Visakhapatnam (Service Branch)

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 Visakhapatnam (Service Branch) 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. 530211001 is the MICR code of Axis Bank for Visakhapatnam (Service Branch) branch. MICR code for Visakhapatnam (Service Branch) 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 Visakhapatnam (Service Branch) is presented in the table alongside.

Use of Axis Bank MICR code for Visakhapatnam (Service Branch) branch in visakhapatnam

The MICR code 530211001 is used in RBI cheque clearing process to identify the branch Visakhapatnam (Service Branch) 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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