Axis Bank Jalandhar Jalandhar Punjab MICR CODE

Find MICR Codes for Axis Bank Jalandhar Jalandhar Punjab

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kangniwal
Contact 9915394200
Bank Details Axis Bank Kangniwal UTIB0002127
Location Jalandhar, Jalandhar
City Jalandhar
District Jalandhar
State Punjab
Pincode 144032
Country IN
Address Ground floor,village kangniwal, distt. Jalandhar,punjab, pin 144032
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 144211012 for Kangniwal 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 144211012 of Axis Bank, Kangniwal branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kangniwal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Kangniwal

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 Kangniwal 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. 144211012 is the MICR code of Axis Bank for Kangniwal branch. MICR code for Kangniwal 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 Kangniwal is presented in the table alongside.

Use of Axis Bank MICR code for Kangniwal branch in jalandhar

The MICR code 144211012 is used in RBI cheque clearing process to identify the branch Kangniwal 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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