Axis Bank Lingsugur Raichur Karnataka MICR CODE

Find MICR Codes for Axis Bank Lingsugur Raichur Karnataka

Bank
State
District
City
Branch
Address

MICR Code	584211504
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lingsugur
Contact	257491
Bank Details	Axis Bank Lingsugur UTIB0002872

Location	Lingsugur, Raichur
City	Lingsugur
District	Raichur
State	Karnataka
Pincode	584122
Country	IN
Address	No 21136911 12 raichur road lingsugur pincode584122 raichur district karnataka

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 584211504 for Lingsugur 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 584211504 of Axis Bank, Lingsugur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Lingsugur 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 -

>>Lingsugur

MICR code for Axis Bank Lingsugur

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 Lingsugur 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. 584211504 is the MICR code of Axis Bank for Lingsugur branch. MICR code for Lingsugur 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 Lingsugur is presented in the table alongside.

Use of Axis Bank MICR code for Lingsugur branch in lingsugur

The MICR code 584211504 is used in RBI cheque clearing process to identify the branch Lingsugur 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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