Let Others Know
×
LinkedIn
Email
WhatsApp

Axis Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Axis Bank Bangalore Bangalore Urban Karnataka

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sahakaranagar
Contact (080) 2362 0841/1036/1047
Bank Details Axis Bank Sahakaranagar UTIB0000561
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560092
Country IN
Address Green country public school, no. 106/7, opp kodigehally cross bus stop, bellary road, bangalore 560092
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 560211019 for Sahakaranagar 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 560211019 of Axis Bank, Sahakaranagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sahakaranagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Sahakaranagar

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 Sahakaranagar 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. 560211019 is the MICR code of Axis Bank for Sahakaranagar branch. MICR code for Sahakaranagar 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 Sahakaranagar is presented in the table alongside.

Use of Axis Bank MICR code for Sahakaranagar branch in bangalore

The MICR code 560211019 is used in RBI cheque clearing process to identify the branch Sahakaranagar 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.