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Axis Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Axis Bank Patna Patna Bihar

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gandhi Maidan
Contact 9570714832
Bank Details Axis Bank Gandhi Maidan UTIB0003494
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 800001
Country IN
Address South gandhi maidan road twin tower patna
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 800211020 for Gandhi Maidan 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 800211020 of Axis Bank, Gandhi Maidan branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Gandhi Maidan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Gandhi Maidan

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 Gandhi Maidan 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. 800211020 is the MICR code of Axis Bank for Gandhi Maidan branch. MICR code for Gandhi Maidan 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 Gandhi Maidan is presented in the table alongside.

Use of Axis Bank MICR code for Gandhi Maidan branch in patna

The MICR code 800211020 is used in RBI cheque clearing process to identify the branch Gandhi Maidan 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.