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Axis Bank Ingur Ingur Tamil Nadu MICR CODE

Find MICR Codes for Axis Bank Ingur Ingur Tamil Nadu

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nallikaundanpalayam
Contact
Bank Details Axis Bank Nallikaundanpalayam UTIB0001796
Location Ingur, Ingur
City Ingur
District Ingur
State Tamil Nadu
Pincode 638058
Country IN
Address S.f.no.827, chennimalai road, nallikaundanpalayam, ingur village, ingur, dist. Erode, tamil nadu, pin 638058
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 638211012 for Nallikaundanpalayam 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 638211012 of Axis Bank, Nallikaundanpalayam branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Nallikaundanpalayam 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 -

>>Nallikaundanpalayam

MICR code for Axis Bank Nallikaundanpalayam

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 Nallikaundanpalayam 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. 638211012 is the MICR code of Axis Bank for Nallikaundanpalayam branch. MICR code for Nallikaundanpalayam 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 Nallikaundanpalayam is presented in the table alongside.

Use of Axis Bank MICR code for Nallikaundanpalayam branch in ingur

The MICR code 638211012 is used in RBI cheque clearing process to identify the branch Nallikaundanpalayam 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.