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Axis Bank Dhanbad Dhanbad Jharkhand MICR CODE

Find MICR Codes for Axis Bank Dhanbad Dhanbad Jharkhand

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hirapur
Contact 326-9470383600
Bank Details Axis Bank Hirapur UTIB0005034
Location Dhanbad, Dhanbad
City Dhanbad
District Dhanbad
State Jharkhand
Pincode
Country IN
Address Upper ground flr, sri buchan pandey cmplx, j c mullick rd, hirapur, nr maa jagadamba mandir, dhanbad
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 Hirapur 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, Hirapur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Hirapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Axis Bank are available with micr code -

>>Bhuli Road >>Dhanbad(Jharkhand) >>Gobindpur >>Hirapur >>Memco More >>Mohan Bazar >>Saraidhela >>The Dhanbad Central Co Operative Bank Ltd

MICR code for Axis Bank Hirapur

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

Use of Axis Bank MICR code for Hirapur branch in dhanbad

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