Axis Bank Medchalmalkajgiri Hyderabad Telangana MICR CODE

Find MICR Codes for Axis Bank Medchalmalkajgiri Hyderabad Telangana

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Medipally
Contact	40-8686035533
Bank Details	Axis Bank Medipally UTIB0006120

Location	Medchalmalkajgiri, Hyderabad
City	Medchalmalkajgiri
District	Hyderabad
State	Telangana
Pincode	500098
Country	IN
Address	D no 13 238, medipally main road, medipally, hyderabad 500098

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 0 for Medipally 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 0 of Axis Bank, Medipally branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Medipally 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 -

>>Medipally >>Old Alwal

MICR code for Axis Bank Medipally

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 Medipally 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. 0 is the MICR code of Axis Bank for Medipally branch. MICR code for Medipally 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 Medipally is presented in the table alongside.

Use of Axis Bank MICR code for Medipally branch in medchalmalkajgiri

The MICR code 0 is used in RBI cheque clearing process to identify the branch Medipally 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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