Axis Bank Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Axis Bank Rajkot Rajkot Gujarat

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Greenland Circle
Contact 281-9016077288
Bank Details Axis Bank Greenland Circle UTIB0006636
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 360001
Country IN
Address Ground floor, greenland glory, shop no 6, 7 near greenland glory chowkdi, kuvadawa road, rajkot
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 Greenland Circle 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, Greenland Circle branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Greenland Circle branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Greenland Circle

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 Greenland Circle 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 Greenland Circle branch. MICR code for Greenland Circle 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 Greenland Circle is presented in the table alongside.

Use of Axis Bank MICR code for Greenland Circle branch in rajkot

The MICR code 0 is used in RBI cheque clearing process to identify the branch Greenland Circle 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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