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Axis Bank Bhilainagar Durg Chhattisgarh MICR CODE

Find MICR Codes for Axis Bank Bhilainagar Durg Chhattisgarh

Bank
State
District
City
Branch
Address

MICR Code	490211002
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhilai (Chhatisgarh)
Contact	490020
Bank Details	Axis Bank Bhilai (Chhatisgarh) UTIB0000214

Location	Bhilainagar, Durg
City	Bhilainagar
District	Durg
State	Chhattisgarh
Pincode	490006
Country	IN
Address	Block a, plot no.5, uttar gangotri off.g.e.road,supela chowk,dist.durg

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 490211002 for Bhilai (Chhatisgarh) 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 490211002 of Axis Bank, Bhilai (Chhatisgarh) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Bhilai (Chhatisgarh) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Axis Bank are available with micr code -

>>Bhilai (Chhatisgarh) >>Nehru Nagar Square

MICR code for Axis Bank Bhilai (Chhatisgarh)

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 Bhilai (Chhatisgarh) 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. 490211002 is the MICR code of Axis Bank for Bhilai (Chhatisgarh) branch. MICR code for Bhilai (Chhatisgarh) 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 Bhilai (Chhatisgarh) is presented in the table alongside.

Use of Axis Bank MICR code for Bhilai (Chhatisgarh) branch in bhilainagar

The MICR code 490211002 is used in RBI cheque clearing process to identify the branch Bhilai (Chhatisgarh) 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.