MICR Code Bank
Find MICR code for Axis Bank Salem branches in India for NEFT and RTGS transfer

Axis Bank Salem MICR CODE

Find MICR Codes for Axis Bank Salem

Selected Bank + -

  

Selected State + -

  

Selected District + -

  

Selected City + -

  

Selected Branch + -

  
  1. Axis Bank »
  2. Tamil Nadu »
  3. salem »
  4. salem »
  5. salem (tamil nadu)

Find MICR Codes for Axis Bank Salem

MICR Code: -NA-
Bank: Axis Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Salem (Tamil Nadu)
Contact: 636007
Bank Details: Axis Bank Salem (Tamil Nadu) UTIB0000170
Location: Salem, Salem
City: Salem
District: Salem
State: Tamil Nadu
Pincode:
Country: IN
Address: Door no.115-1a,sharptronics shopping complex (opp. To tvs)

How does MICR code for salem 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 of Axis Bank, salem branch makes the system almost error free and faster. Use of Axis Bank MICR codes for salem branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Axis Bank are available with micr code

>>Cherry Road Salem >>Edappadi >>Gugai >>Idaiyapatti >>Nagiampatty >>Pethanaickenpalayam >>Salem (Tamil Nadu) >>Salem Agraharam >>Salem Suramangalam >>Vazhapadi

MICR code for Axis Bank salem

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

Use of Axis Bank MICR code for salem branch in salem

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