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Axis Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Hyderabad Hyderabad Urban Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	500211010
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ashok Nagar Hyderabad
Contact	500020
Bank Details	Axis Bank Ashok Nagar Hyderabad UTIB0000370

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500020
Country	IN
Address	Udit chambers, 1-10-191/2, ashok 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 500211010 for Ashok Nagar Hyderabad 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 500211010 of Axis Bank, Ashok Nagar Hyderabad branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ashok Nagar Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 12 branches of Axis Bank are available with micr code -

>>Ashok Nagar Hyderabad >>Banjara Hills >>Charminar (Hyderabad Old City) >>Dilsukhnagar (Andhra Pradesh) >>Humanyun Nagar (Hyderabad) >>Hyderabad >>Jubilee Hills Hyderabad >>Kukatpally (Hyderabad) >>Madhapur >>Sanjeeva Reddy Nagar Hyderabad >>Service Br (Hyderabad) >>Srinagar Colony (Hyderabad)

MICR code for Axis Bank Ashok Nagar Hyderabad

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 Ashok Nagar Hyderabad 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. 500211010 is the MICR code of Axis Bank for Ashok Nagar Hyderabad branch. MICR code for Ashok Nagar Hyderabad 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 Ashok Nagar Hyderabad is presented in the table alongside.

Use of Axis Bank MICR code for Ashok Nagar Hyderabad branch in hyderabad

The MICR code 500211010 is used in RBI cheque clearing process to identify the branch Ashok Nagar Hyderabad 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.