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Axis Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Axis Bank Hyderabad Hyderabad Urban Andhra Pradesh

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jubilee Hills Hyderabad
Contact 500034
Bank Details Axis Bank Jubilee Hills Hyderabad UTIB0000030
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode
Country IN
Address H.no.8-2-293/82/j-iii/19 ,plot no. 19-iii, road no. 71, jubilee hills
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 500211004 for Jubilee Hills Hyderabad 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 500211004 of Axis Bank, Jubilee Hills Hyderabad branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Jubilee Hills Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Jubilee Hills Hyderabad

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 Jubilee Hills Hyderabad 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. 500211004 is the MICR code of Axis Bank for Jubilee Hills Hyderabad branch. MICR code for Jubilee Hills Hyderabad 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 Jubilee Hills Hyderabad is presented in the table alongside.

Use of Axis Bank MICR code for Jubilee Hills Hyderabad branch in hyderabad

The MICR code 500211004 is used in RBI cheque clearing process to identify the branch Jubilee Hills Hyderabad 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.