Axis Bank Srinagar Bemina Jammu And Kashmir MICR CODE

Find MICR Codes for Axis Bank Srinagar Bemina Jammu And Kashmir

Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bemina Srinagar
Contact 194-9796871692
Bank Details Axis Bank Bemina Srinagar UTIB0005547
Location Srinagar, Bemina
City Srinagar
District Bemina
State Jammu And Kashmir
Pincode 368127
Country IN
Address Ground floor,khasra survey no 368 127 61 102 khewat no 2 khatta 24 khan building main road bemina srinagar
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 Bemina Srinagar 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, Bemina Srinagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Bemina Srinagar 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 -

>>Bemina Srinagar

MICR code for Axis Bank Bemina Srinagar

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 Bemina Srinagar 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 Bemina Srinagar branch. MICR code for Bemina Srinagar 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 Bemina Srinagar is presented in the table alongside.

Use of Axis Bank MICR code for Bemina Srinagar branch in srinagar

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