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Axis Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Axis Bank Bangalore Bangalore Urban Karnataka

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malleswaram (North Bangalore)
Contact 560003
Bank Details Axis Bank Malleswaram (North Bangalore) UTIB0000227
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560052
Country IN
Address 233, 2nd main, sampige road, malleswaram
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 560211009 for Malleswaram (North Bangalore) 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 560211009 of Axis Bank, Malleswaram (North Bangalore) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Malleswaram (North Bangalore) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Malleswaram (North Bangalore)

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 Malleswaram (North Bangalore) 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. 560211009 is the MICR code of Axis Bank for Malleswaram (North Bangalore) branch. MICR code for Malleswaram (North Bangalore) 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 Malleswaram (North Bangalore) is presented in the table alongside.

Use of Axis Bank MICR code for Malleswaram (North Bangalore) branch in bangalore

The MICR code 560211009 is used in RBI cheque clearing process to identify the branch Malleswaram (North Bangalore) 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.