Axis Bank Banaskantha Palanpur Gujarat MICR CODE

Find MICR Codes for Axis Bank Banaskantha Palanpur Gujarat

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hanuman Tekri Palanpur
Contact 2742-9979891107
Bank Details Axis Bank Hanuman Tekri Palanpur UTIB0006448
Location Banaskantha, Palanpur
City Banaskantha
District Palanpur
State Gujarat
Pincode 385001
Country IN
Address Grnd flr, shop no 1 and shop no 2, revenue survey no 540, paiki 17, paiki 2, village palanpur, tal palanpur, dist banaskantha 385001
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 Hanuman Tekri Palanpur 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, Hanuman Tekri Palanpur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Hanuman Tekri Palanpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Hanuman Tekri Palanpur

MICR code for Axis Bank Hanuman Tekri Palanpur

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 Hanuman Tekri Palanpur 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 Hanuman Tekri Palanpur branch. MICR code for Hanuman Tekri Palanpur 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 Hanuman Tekri Palanpur is presented in the table alongside.

Use of Axis Bank MICR code for Hanuman Tekri Palanpur branch in banaskantha

The MICR code 0 is used in RBI cheque clearing process to identify the branch Hanuman Tekri Palanpur 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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