Axis Bank Anantapur Dharmavaram Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Anantapur Dharmavaram Andhra Pradesh

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	South Mada Street
Contact	-
Bank Details	Axis Bank South Mada Street UTIB0001597

Location	Anantapur, Dharmavaram
City	Anantapur
District	Dharmavaram
State	Andhra Pradesh
Pincode	515671
Country	IN
Address	Door no. 16/171, keerti towers, 1st floor, durgamma temple street — anantapur, andhra pradesh — 515671

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 0 for South Mada Street 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 0 of Axis Bank, South Mada Street branch makes the system almost error free and faster. Use of Axis Bank MICR codes for South Mada Street 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 -

>>South Mada Street

MICR code for Axis Bank South Mada Street

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 South Mada Street 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. 0 is the MICR code of Axis Bank for South Mada Street branch. MICR code for South Mada Street 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 South Mada Street is presented in the table alongside.

Use of Axis Bank MICR code for South Mada Street branch in anantapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch South Mada Street 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.

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