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Axis Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Axis Bank Raipur Raipur Chhattisgarh

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gudhiyari
Contact 2593321
Bank Details Axis Bank Gudhiyari UTIB0002590
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492009
Country IN
Address Plot no 29 231 gudhiyari station road sukwari bazar gudhiyari raipur chhattisgarh pin 492009
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 492211010 for Gudhiyari 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 492211010 of Axis Bank, Gudhiyari branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Gudhiyari branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Gudhiyari

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 Gudhiyari 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. 492211010 is the MICR code of Axis Bank for Gudhiyari branch. MICR code for Gudhiyari 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 Gudhiyari is presented in the table alongside.

Use of Axis Bank MICR code for Gudhiyari branch in raipur

The MICR code 492211010 is used in RBI cheque clearing process to identify the branch Gudhiyari 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.