Axis Bank Patiala Patiala Punjab MICR CODE

Find MICR Codes for Axis Bank Patiala Patiala Punjab

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khera Jattan
Contact 9876504303
Bank Details Axis Bank Khera Jattan UTIB0002373
Location Patiala, Patiala
City Patiala
District Patiala
State Punjab
Pincode 147001
Country IN
Address Ground floor, vill: khera jattan, tehsil & dist: patiala, punjab, pin 147001
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 147211992 for Khera Jattan 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 147211992 of Axis Bank, Khera Jattan branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Khera Jattan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Khera Jattan

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 Khera Jattan 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. 147211992 is the MICR code of Axis Bank for Khera Jattan branch. MICR code for Khera Jattan 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 Khera Jattan is presented in the table alongside.

Use of Axis Bank MICR code for Khera Jattan branch in patiala

The MICR code 147211992 is used in RBI cheque clearing process to identify the branch Khera Jattan 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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