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Axis Bank Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for Axis Bank Gurgaon Gurgaon Haryana

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Paradise Mall Sec Forty Nine
Contact
Bank Details Axis Bank Paradise Mall Sec Forty Nine UTIB0004250
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122018
Country IN
Address First floor unit no 101 the paradise block c uppal southend sector 49 gurgaon 122018
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 Paradise Mall Sec Forty Nine 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, Paradise Mall Sec Forty Nine branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Paradise Mall Sec Forty Nine branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Paradise Mall Sec Forty Nine

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 Paradise Mall Sec Forty Nine 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 Paradise Mall Sec Forty Nine branch. MICR code for Paradise Mall Sec Forty Nine 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 Paradise Mall Sec Forty Nine is presented in the table alongside.

Use of Axis Bank MICR code for Paradise Mall Sec Forty Nine branch in gurgaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Paradise Mall Sec Forty Nine 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.