Axis Bank Patiala Samana Punjab MICR CODE

Find MICR Codes for Axis Bank Patiala Samana Punjab

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhawanigarh Road Samana
Contact 1764-9815740088
Bank Details Axis Bank Bhawanigarh Road Samana UTIB0006668
Location Patiala, Samana
City Patiala
District Samana
State Punjab
Pincode 147101
Country IN
Address Axis bank ltd ground floor, banda singh bahadur chowk, bhawanigarh road, samana, district patiala, punjab 147101
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 Bhawanigarh Road Samana 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, Bhawanigarh Road Samana branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Bhawanigarh Road Samana 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 -

>>Bhawanigarh Road Samana

MICR code for Axis Bank Bhawanigarh Road Samana

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 Bhawanigarh Road Samana 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 Bhawanigarh Road Samana branch. MICR code for Bhawanigarh Road Samana 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 Bhawanigarh Road Samana is presented in the table alongside.

Use of Axis Bank MICR code for Bhawanigarh Road Samana branch in patiala

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bhawanigarh Road Samana 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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