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Axis Bank Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for Axis Bank Jaipur Jaipur Rajasthan

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Grain Market Jaipur
Contact 141-7737406960
Bank Details Axis Bank Grain Market Jaipur UTIB0004929
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode
Country IN
Address Ground floor and first floor, spcp 1 a, opposite road no 12, riico industrial area, sikar road
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 Grain Market Jaipur 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, Grain Market Jaipur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Grain Market Jaipur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Grain Market Jaipur

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 Grain Market Jaipur 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 Grain Market Jaipur branch. MICR code for Grain Market Jaipur 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 Grain Market Jaipur is presented in the table alongside.

Use of Axis Bank MICR code for Grain Market Jaipur branch in jaipur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Grain Market Jaipur 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.