Axis Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Axis Bank Delhi New Delhi New Delhi

Bank
State
District
City
Branch
Address
MICR Code: 110211002
Bank: Axis Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: New Delhi
Contact: 110001
Bank Details: Axis Bank New Delhi UTIB0000007
Location: Delhi, New Delhi
City: Delhi
District: New Delhi
State: New Delhi
Pincode: 110001
Country: IN
Address: Statesman House, 148, Barakhamba Road
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 110211002 for New Delhi 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 110211002 of Axis Bank, New Delhi branch makes the system almost error free and faster. Use of Axis Bank MICR codes for New Delhi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank New Delhi

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 New Delhi 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. 110211002 is the MICR code of Axis Bank for New Delhi branch. MICR code for New Delhi 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 New Delhi is presented in the table alongside.

Use of Axis Bank MICR code for New Delhi branch in delhi

The MICR code 110211002 is used in RBI cheque clearing process to identify the branch New Delhi 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.