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Axis Bank Faridabad Faridabad Haryana MICR CODE

Find MICR Codes for Axis Bank Faridabad Faridabad Haryana

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Charmwood Village
Contact 9899288110
Bank Details Axis Bank Charmwood Village UTIB0003357
Location Faridabad, Faridabad
City Faridabad
District Faridabad
State Haryana
Pincode
Country IN
Address Shop no 13 14 charmwood plaza charmwood village
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 110211214 for Charmwood Village 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 110211214 of Axis Bank, Charmwood Village branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Charmwood Village branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Charmwood Village

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 Charmwood Village 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. 110211214 is the MICR code of Axis Bank for Charmwood Village branch. MICR code for Charmwood Village 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 Charmwood Village is presented in the table alongside.

Use of Axis Bank MICR code for Charmwood Village branch in faridabad

The MICR code 110211214 is used in RBI cheque clearing process to identify the branch Charmwood Village 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.