Axis Bank Ratlam Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for Axis Bank Ratlam Ratlam Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lakkad Pitha Ratlam
Contact	222247
Bank Details	Axis Bank Lakkad Pitha Ratlam UTIB0004134

Location	Ratlam, Ratlam
City	Ratlam
District	Ratlam
State	Madhya Pradesh
Pincode	457001
Country	IN
Address	Ground floor building no 67 146 68 ward no 07 lakkad pitha ratlam madhya pradesh 457001

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 Lakkad Pitha Ratlam 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, Lakkad Pitha Ratlam branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Lakkad Pitha Ratlam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Axis Bank are available with micr code -

>>Lakkad Pitha Ratlam >>Ratlam (Madhya Pradesh)

MICR code for Axis Bank Lakkad Pitha Ratlam

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 Lakkad Pitha Ratlam 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 Lakkad Pitha Ratlam branch. MICR code for Lakkad Pitha Ratlam 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 Lakkad Pitha Ratlam is presented in the table alongside.

Use of Axis Bank MICR code for Lakkad Pitha Ratlam branch in ratlam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lakkad Pitha Ratlam 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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