Axis Bank Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for Axis Bank Amritsar Amritsar Punjab

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chatiwind Gate Amritsar
Contact 183-9569868443
Bank Details Axis Bank Chatiwind Gate Amritsar UTIB0005130
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 611612
Country IN
Address Ground floor khana sumari 611 612 circle 107 kishangarh chatiwind gate amritsar punjab
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 Chatiwind Gate Amritsar 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, Chatiwind Gate Amritsar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Chatiwind Gate Amritsar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Chatiwind Gate Amritsar

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 Chatiwind Gate Amritsar 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 Chatiwind Gate Amritsar branch. MICR code for Chatiwind Gate Amritsar 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 Chatiwind Gate Amritsar is presented in the table alongside.

Use of Axis Bank MICR code for Chatiwind Gate Amritsar branch in amritsar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chatiwind Gate Amritsar 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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