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Axis Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Axis Bank Hyderabad Hyderabad Telangana

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vanasthalipuram
Contact
Bank Details Axis Bank Vanasthalipuram UTIB0002738
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Telangana
Pincode 551189
Country IN
Address Door 551189 sy no 15p plot no 2a3b saheb nagar khurd hayath nagar m l b nagar vanasthalipuram 500070
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 Vanasthalipuram 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, Vanasthalipuram branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Vanasthalipuram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Vanasthalipuram

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 Vanasthalipuram 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 Vanasthalipuram branch. MICR code for Vanasthalipuram 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 Vanasthalipuram is presented in the table alongside.

Use of Axis Bank MICR code for Vanasthalipuram branch in hyderabad

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