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Axis Bank Hyderabad Ranga Reddy Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Hyderabad Ranga Reddy Andhra Pradesh

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	Chandanagar
Contact	(040) 4021 2101
Bank Details	Axis Bank Chandanagar UTIB0000538

Location	Hyderabad, Ranga Reddy
City	Hyderabad
District	Ranga Reddy
State	Andhra Pradesh
Pincode	500032
Country	IN
Address	Plot no 5-8, survey no. 353/1, hemadurga sharda galaxy, chandanagar

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 Chandanagar 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, Chandanagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Chandanagar 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 -

>>Chandanagar

MICR code for Axis Bank Chandanagar

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

Use of Axis Bank MICR code for Chandanagar branch in hyderabad

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