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Axis Bank Bhubaneswar Khurda Orissa MICR CODE

Find MICR Codes for Axis Bank Bhubaneswar Khurda Orissa

Bank
State
District
City
Branch
Address

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	Baramunda
Contact
Bank Details	Axis Bank Baramunda UTIB0004470

Location	Bhubaneswar, Khurda
City	Bhubaneswar
District	Khurda
State	Orissa
Pincode	751003
Country	IN
Address	City mart unit no 19, plot 10p and 12 ground floor, near fire station, barmunda, bhubaneswar, dist khurda 751003

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

A total of 21 branches of Axis Bank are available with micr code -

>>Banapur >>Baramunda >>Basuaghai >>Bhubaneshwar >>Bhubaneswar (Service Branch) >>Chandrasekharpurbhubaneshwar >>Infosys Campus Branch >>Janpath >>Jaydev Vihar >>Jharapada >>Kalarhanga >>Kalpana Square (Bhubaneshwar) >>Laxmisagar Branch >>Mancheswar >>Ouat Campus Bhubaneswar >>Patia >>Rasulgarh >>Sahid Nagar >>Sailashree Vihar >>Samantarapur >>Shastri Nagar Bhubneswar

MICR code for Axis Bank Baramunda

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 Baramunda 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 Baramunda branch. MICR code for Baramunda 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 Baramunda is presented in the table alongside.

Use of Axis Bank MICR code for Baramunda branch in bhubaneswar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Baramunda 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.