Axis Bank Kapurthala Kapurthala Punjab MICR CODE

Find MICR Codes for Axis Bank Kapurthala Kapurthala Punjab

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhawanipur
Contact 8054001559
Bank Details Axis Bank Bhawanipur UTIB0002202
Location Kapurthala, Kapurthala
City Kapurthala
District Kapurthala
State Punjab
Pincode 144601
Country IN
Address Gr flr, khasra no.10/24/4-2,village bhawanipur,tehsil& dist kapurthala,pin-144601
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 144211254 for Bhawanipur 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 144211254 of Axis Bank, Bhawanipur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Bhawanipur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Axis Bank are available with micr code -

>>Bhawanipur >>Kapurthala (Punjab) >>Mansurwal Kapurthala >>The Kapurthala Central Co Op Bank Ltd >>Ucha

MICR code for Axis Bank Bhawanipur

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 Bhawanipur 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. 144211254 is the MICR code of Axis Bank for Bhawanipur branch. MICR code for Bhawanipur 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 Bhawanipur is presented in the table alongside.

Use of Axis Bank MICR code for Bhawanipur branch in kapurthala

The MICR code 144211254 is used in RBI cheque clearing process to identify the branch Bhawanipur 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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