Let Others Know
×
LinkedIn
Email
WhatsApp

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 Kurthaur Parsa
Contact 612-9504531084
Bank Details Axis Bank Kurthaur Parsa UTIB0005552
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode
Country IN
Address Gr and 1st flr, jmd complex, nh83, pillar no 54 kurthaur bazar, patna gaya rd po kurthaur dist patna
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 Kurthaur Parsa 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, Kurthaur Parsa branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kurthaur Parsa branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Kurthaur Parsa

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 Kurthaur Parsa 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 Kurthaur Parsa branch. MICR code for Kurthaur Parsa 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 Kurthaur Parsa is presented in the table alongside.

Use of Axis Bank MICR code for Kurthaur Parsa branch in patna

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kurthaur Parsa 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.