Axis Bank S A S Nagar Mohali New Chandigarh Punjab MICR CODE

Find MICR Codes for Axis Bank S A S Nagar Mohali New Chandigarh Punjab

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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	Mullanpur New Chandigarh
Contact	172-7719632734
Bank Details	Axis Bank Mullanpur New Chandigarh UTIB0006364

Location	S A S Nagar Mohali, New Chandigarh
City	S A S Nagar Mohali
District	New Chandigarh
State	Punjab
Pincode	140901
Country	IN
Address	Axis bank ltd ground and first floor, sco 45 situated in clockton high street, omaxe phase 1, new chandigarh, mullanpur garib dass new chandigarh, district s a s nagar mohali, punjab 140901

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

A total of 1 branches of Axis Bank are available with micr code -

>>Mullanpur New Chandigarh

MICR code for Axis Bank Mullanpur New Chandigarh

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 Mullanpur New Chandigarh 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 Mullanpur New Chandigarh branch. MICR code for Mullanpur New Chandigarh 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 Mullanpur New Chandigarh is presented in the table alongside.

Use of Axis Bank MICR code for Mullanpur New Chandigarh branch in s a s nagar mohali

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mullanpur New Chandigarh 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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