Axis Bank Ongole Prakasam Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Ongole Prakasam Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	523211003
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mangamuru Road
Contact	282412
Bank Details	Axis Bank Mangamuru Road UTIB0002908

Location	Ongole, Prakasam
City	Ongole
District	Prakasam
State	Andhra Pradesh
Pincode	712001
Country	IN
Address	712001 mkr plaza mangamoor donka ongole praksam dist ap 523001

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 523211003 for Mangamuru Road 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 523211003 of Axis Bank, Mangamuru Road branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mangamuru Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Axis Bank are available with micr code -

>>Mangamuru Road >>Ongole Andhra Pradesh

MICR code for Axis Bank Mangamuru Road

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 Mangamuru Road 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. 523211003 is the MICR code of Axis Bank for Mangamuru Road branch. MICR code for Mangamuru Road 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 Mangamuru Road is presented in the table alongside.

Use of Axis Bank MICR code for Mangamuru Road branch in ongole

The MICR code 523211003 is used in RBI cheque clearing process to identify the branch Mangamuru Road 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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