MICR Code Bank
Find MICR code for Axis Bank Charminar branches in India for NEFT and RTGS transfer

Axis Bank Charminar MICR CODE

Find MICR Codes for Axis Bank Charminar

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  1. Axis Bank »
  2. Andhra Pradesh »
  3. hyderabad urban »
  4. hyderabad »
  5. charminar (hyderabad old city)

Find MICR Codes for Axis Bank Charminar

MICR Code: 500211006
Bank: Axis Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Charminar (Hyderabad Old City)
Contact: 500002
Bank Details: Axis Bank Charminar (Hyderabad Old City) UTIB0000192
Location: Hyderabad, Hyderabad Urban
City: Hyderabad
District: Hyderabad Urban
State: Andhra Pradesh
Pincode: 500264
Country: IN
Address: D.no.22-6-63/1, first floor gulzar house, charminar

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

MICR code for Axis Bank charminar

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

Use of Axis Bank MICR code for charminar branch in hyderabad

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