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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 Khagaul Road Branch
Contact 612-9386412455
Bank Details Axis Bank Khagaul Road Branch UTIB0005248
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 800015
Country IN
Address Upper ground flr shop no 1++and 15, bhawani complex main saguna khaugaul rd, opp radiant school po ps khagaul patna, bihar 800015
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 Khagaul Road Branch 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, Khagaul Road Branch branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Khagaul Road Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Khagaul Road Branch

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 Khagaul Road Branch 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 Khagaul Road Branch branch. MICR code for Khagaul Road Branch 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 Khagaul Road Branch is presented in the table alongside.

Use of Axis Bank MICR code for Khagaul Road Branch branch in patna

The MICR code 0 is used in RBI cheque clearing process to identify the branch Khagaul Road Branch 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.