Axis Bank Bijapur Bijapur Karnataka MICR CODE

Find MICR Codes for Axis Bank Bijapur Bijapur Karnataka

Bank
State
District
City
Branch
Address

MICR Code	586211002
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bijapur (Karnataka)
Contact	(08352) 224 194/ 95/ 96
Bank Details	Axis Bank Bijapur (Karnataka) UTIB0000525

Location	Bijapur, Bijapur
City	Bijapur
District	Bijapur
State	Karnataka
Pincode	586101
Country	IN
Address	1st floor, v k g complex, m.g. Road, bijapur 586 101

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 586211002 for Bijapur (Karnataka) 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 586211002 of Axis Bank, Bijapur (Karnataka) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Bijapur (Karnataka) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Axis Bank are available with micr code -

>>Bijapur (Karnataka) >>Bijapur District Mahila Co Op Bank >>Bijapur Sahakari Bank Niyamit >>Chaitanya Mahila Co Op Bank Ltd >>Sarakari Naukarara Sahakari Bank >>Shri Shiddeshwar Co Op Bank Ltd

MICR code for Axis Bank Bijapur (Karnataka)

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 Bijapur (Karnataka) 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. 586211002 is the MICR code of Axis Bank for Bijapur (Karnataka) branch. MICR code for Bijapur (Karnataka) 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 Bijapur (Karnataka) is presented in the table alongside.

Use of Axis Bank MICR code for Bijapur (Karnataka) branch in bijapur

The MICR code 586211002 is used in RBI cheque clearing process to identify the branch Bijapur (Karnataka) 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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