Axis Bank Bokaro Bokaro Jharkhand MICR CODE

Find MICR Codes for Axis Bank Bokaro Bokaro Jharkhand

Bank
State
District
City
Branch
Address

MICR Code	827211501
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Gumia
Contact
Bank Details	Axis Bank Gumia UTIB0001631

Location	Bokaro, Bokaro
City	Bokaro
District	Bokaro
State	Jharkhand
Pincode	829111
Country	IN
Address	Opp. Kali mandir, post office more, p.o. Gumia, dist. Bokaro jharkhand, pin 829111

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 827211501 for Gumia 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 827211501 of Axis Bank, Gumia branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Gumia branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Axis Bank are available with micr code -

>>Bokaro (Jharkhand) >>Gumia >>Phusro

MICR code for Axis Bank Gumia

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 Gumia 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. 827211501 is the MICR code of Axis Bank for Gumia branch. MICR code for Gumia 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 Gumia is presented in the table alongside.

Use of Axis Bank MICR code for Gumia branch in bokaro

The MICR code 827211501 is used in RBI cheque clearing process to identify the branch Gumia 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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