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Axis Bank Machilipatnam Krishna Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Machilipatnam Krishna Andhra Pradesh

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Machilipatnam (Andhra Pradesh)
Contact (08672) 230 301/2
Bank Details Axis Bank Machilipatnam (Andhra Pradesh) UTIB0000504
Location Machilipatnam, Krishna
City Machilipatnam
District Krishna
State Andhra Pradesh
Pincode 521001
Country IN
Address No.25/305, kennady road, besides durga mahal, jagannadhapuram, machilipatnam 521 001,,andhra pradesh,521001
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 521211003 for Machilipatnam (Andhra Pradesh) 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 521211003 of Axis Bank, Machilipatnam (Andhra Pradesh) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Machilipatnam (Andhra Pradesh) 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 -

>>Machilipatnam (Andhra Pradesh)

MICR code for Axis Bank Machilipatnam (Andhra Pradesh)

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 Machilipatnam (Andhra Pradesh) 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. 521211003 is the MICR code of Axis Bank for Machilipatnam (Andhra Pradesh) branch. MICR code for Machilipatnam (Andhra Pradesh) 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 Machilipatnam (Andhra Pradesh) is presented in the table alongside.

Use of Axis Bank MICR code for Machilipatnam (Andhra Pradesh) branch in machilipatnam

The MICR code 521211003 is used in RBI cheque clearing process to identify the branch Machilipatnam (Andhra Pradesh) 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.