Axis Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Axis Bank Madurai Madurai Tamil Nadu

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Thirunagar
Contact 2486425
Bank Details Axis Bank Thirunagar UTIB0003136
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625006
Country IN
Address No a43 rajaji st thirunagar madurai
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 625211011 for Thirunagar 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 625211011 of Axis Bank, Thirunagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Thirunagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Thirunagar

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 Thirunagar 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. 625211011 is the MICR code of Axis Bank for Thirunagar branch. MICR code for Thirunagar 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 Thirunagar is presented in the table alongside.

Use of Axis Bank MICR code for Thirunagar branch in madurai

The MICR code 625211011 is used in RBI cheque clearing process to identify the branch Thirunagar 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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