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Axis Bank Belgaum Murgod Karnataka MICR CODE

Find MICR Codes for Axis Bank Belgaum Murgod Karnataka

Bank
State
District
City
Branch
Address

MICR Code	591875501
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shri Mahant Shivayogi Co Op Bank
Contact	9880386897
Bank Details	Axis Bank Shri Mahant Shivayogi Co Op Bank UTIB0SSMSSB

Location	Belgaum, Murgod
City	Belgaum
District	Murgod
State	Karnataka
Pincode	591119
Country	IN
Address	At post murgod, taluka saundatti 591119

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.

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Shri Mahant Shivayogi Co Op Bank (591875501)

How does MICR code 591875501 for Shri Mahant Shivayogi Co Op Bank 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 591875501 of Axis Bank, Shri Mahant Shivayogi Co Op Bank branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shri Mahant Shivayogi Co Op Bank 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 -

>>Shri Mahant Shivayogi Co Op Bank

MICR code for Axis Bank Shri Mahant Shivayogi Co Op Bank

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 Shri Mahant Shivayogi Co Op Bank 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. 591875501 is the MICR code of Axis Bank for Shri Mahant Shivayogi Co Op Bank branch. MICR code for Shri Mahant Shivayogi Co Op Bank 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 Shri Mahant Shivayogi Co Op Bank is presented in the table alongside.

Use of Axis Bank MICR code for Shri Mahant Shivayogi Co Op Bank branch in belgaum

The MICR code 591875501 is used in RBI cheque clearing process to identify the branch Shri Mahant Shivayogi Co Op Bank 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.