Axis Bank Medak Medak Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Medak Medak Andhra Pradesh

Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Patancheru
Contact (08455) 240123/ 24
Bank Details Axis Bank Patancheru UTIB0000687
Location Medak, Medak
City Medak
District Medak
State Andhra Pradesh
Pincode 502319
Country IN
Address to133, old no. 1-26/1, n.h.9, patancheru 502 319 dist. Medak, andhra pradesh
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 500211017 for Patancheru 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 500211017 of Axis Bank, Patancheru branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Patancheru 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 -


MICR code for Axis Bank Patancheru

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 Patancheru 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. 500211017 is the MICR code of Axis Bank for Patancheru branch. MICR code for Patancheru 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 Patancheru is presented in the table alongside.

Use of Axis Bank MICR code for Patancheru branch in medak

The MICR code 500211017 is used in RBI cheque clearing process to identify the branch Patancheru 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.