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Axis Bank Belagavi Belagavi Karnataka MICR CODE

Find MICR Codes for Axis Bank Belagavi Belagavi Karnataka

Bank
State
District
City
Branch
Address

MICR Code	590211006
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kapileshwar Road
Contact	2420055
Bank Details	Axis Bank Kapileshwar Road UTIB0003709

Location	Belagavi, Belagavi
City	Belagavi
District	Belagavi
State	Karnataka
Pincode	590001
Country	IN
Address	1st floor, sai eshwar plaza, cts no 4499 4500,4501 4502, ward no 26, dr. Shyamprasad mukkerje road, belagavi

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 590211006 for Kapileshwar Road 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 590211006 of Axis Bank, Kapileshwar Road branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kapileshwar Road 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 -

>>Kapileshwar Road

MICR code for Axis Bank Kapileshwar Road

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 Kapileshwar Road 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. 590211006 is the MICR code of Axis Bank for Kapileshwar Road branch. MICR code for Kapileshwar Road 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 Kapileshwar Road is presented in the table alongside.

Use of Axis Bank MICR code for Kapileshwar Road branch in belagavi

The MICR code 590211006 is used in RBI cheque clearing process to identify the branch Kapileshwar Road 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.