Axis Bank Madikeri Kodagu Karnataka MICR CODE

Find MICR Codes for Axis Bank Madikeri Kodagu Karnataka

Bank
State
District
City
Branch
Address

MICR Code	571211152
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Madikeri
Contact	08272-223027/223026
Bank Details	Axis Bank Madikeri UTIB0002204

Location	Madikeri, Kodagu
City	Madikeri
District	Kodagu
State	Karnataka
Pincode	571201
Country	IN
Address	Kodava samaja building, mysore-madikeri main road, madikeri, pin- 571201

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 571211152 for Madikeri 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 571211152 of Axis Bank, Madikeri branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Madikeri 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 -

>>Madikeri

MICR code for Axis Bank Madikeri

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 Madikeri 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. 571211152 is the MICR code of Axis Bank for Madikeri branch. MICR code for Madikeri 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 Madikeri is presented in the table alongside.

Use of Axis Bank MICR code for Madikeri branch in madikeri

The MICR code 571211152 is used in RBI cheque clearing process to identify the branch Madikeri 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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