Axis Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Axis Bank Madurai Madurai Tamil Nadu

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Koodal Nagar
Contact
Bank Details	Axis Bank Koodal Nagar UTIB0004211

Location	Madurai, Madurai
City	Madurai
District	Madurai
State	Tamil Nadu
Pincode	625017
Country	IN
Address	No 3 29 b amazing grace palamedu road vilangudi madurai 625017

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

A total of 14 branches of Axis Bank are available with micr code -

>>By Pass Road Madurai >>East Veli Street >>Kk Nagarmadurai >>Koodal Nagar >>Madurai >>Meikkilarpatti >>Melur >>Narayanapuram >>Tallakulam Madurai >>Teppakulam Madurai >>Theni Tamil Nadu >>Thirumangalam Madurai >>Thirunagar >>Villapuram Madurai

MICR code for Axis Bank Koodal Nagar

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 Koodal Nagar 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 Koodal Nagar branch. MICR code for Koodal Nagar 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 Koodal Nagar is presented in the table alongside.

Use of Axis Bank MICR code for Koodal Nagar branch in madurai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Koodal Nagar 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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