Axis Bank Akaltara Akaltara Chhattisgarh MICR CODE

Find MICR Codes for Axis Bank Akaltara Akaltara Chhattisgarh

Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Akatara
Bank Details Axis Bank Akatara UTIB0001727
Location Akaltara, Akaltara
City Akaltara
District Akaltara
State Chhattisgarh
Pincode 495552
Country IN
Address Shivari narayan road ganesh rice mill p.o: akaltara dist: janjgir champa 495552 chhattisgarh
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 495211101 for Akatara 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 495211101 of Axis Bank, Akatara branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Akatara 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 -


MICR code for Axis Bank Akatara

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 Akatara 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. 495211101 is the MICR code of Axis Bank for Akatara branch. MICR code for Akatara 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 Akatara is presented in the table alongside.

Use of Axis Bank MICR code for Akatara branch in akaltara

The MICR code 495211101 is used in RBI cheque clearing process to identify the branch Akatara 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.