Axis Bank Nalgonda Nalgonda Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Nalgonda Nalgonda Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	508211002
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nalgonda
Contact	Shri. D. Sridhar Manager
Bank Details	Axis Bank Nalgonda UTIB0000801

Location	Nalgonda, Nalgonda
City	Nalgonda
District	Nalgonda
State	Andhra Pradesh
Pincode	508001
Country	IN
Address	5-4-134/a & c blocks ground & first floor, jb plaza prakasham bazar, nalgonda andhra pradesh, pin 508001

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 508211002 for Nalgonda 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 508211002 of Axis Bank, Nalgonda branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Nalgonda 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 -

>>Nalgonda

MICR code for Axis Bank Nalgonda

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 Nalgonda 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. 508211002 is the MICR code of Axis Bank for Nalgonda branch. MICR code for Nalgonda 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 Nalgonda is presented in the table alongside.

Use of Axis Bank MICR code for Nalgonda branch in nalgonda

The MICR code 508211002 is used in RBI cheque clearing process to identify the branch Nalgonda 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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