Axis Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Axis Bank Hyderabad Hyderabad Telangana

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mystic Hills Road
Contact 40-9133004373
Bank Details Axis Bank Mystic Hills Road UTIB0006727
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Telangana
Pincode 500018
Country IN
Address Ground floor, green hills road, near mystic hills, moosapet, anjaneya nagar colony, hyderabad, telangana
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 Mystic Hills 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 0 of Axis Bank, Mystic Hills Road branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mystic Hills Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Mystic Hills 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 Mystic Hills 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. 0 is the MICR code of Axis Bank for Mystic Hills Road branch. MICR code for Mystic Hills 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 Mystic Hills Road is presented in the table alongside.

Use of Axis Bank MICR code for Mystic Hills Road branch in hyderabad

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