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Axis Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Axis Bank Ludhiana Ludhiana Punjab

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	Rattan
Contact	161-8727859707
Bank Details	Axis Bank Rattan UTIB0005373

Location	Ludhiana, Ludhiana
City	Ludhiana
District	Ludhiana
State	Punjab
Pincode
Country	IN
Address	Axis bank ltd,ground floor,plot no 337,khewat no 99 92 and 100 93,khatauni no 108 and 109

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

A total of 40 branches of Axis Bank are available with micr code -

>>Bahadurke Road >>Baran Hara >>Bhagwanpura >>Bhamian Kalan >>Brahman Majra >>Chandigarh Road >>Chomon >>Chuharpura >>Dugri Road >>Feroze Gandhi Market >>Ferozepur Road Ludhiana >>Fieldganj >>Focal Point Ludhiana >>Giaspura Ludhiana >>Gill >>Gurdevnagar Branch >>Gureh >>Hambran Road >>Jagraon Punjab >>Jassian >>Jhamat >>Katani Khurd >>Kesar Ganj Chowk >>Ludhiana >>Ludhiana (Service Branch) >>Ludhiana Civil Lines >>Mangli Nicchi >>Mata Rani Chowk Ludhiana >>Miller Ganj Ludhiana >>Model Town Ludhiana >>Nurwala >>Pau Ludhiana >>Phase Two Dugri >>Rattan >>Rk Road >>Rurka >>Sundar Nagar Branch >>Thakarwal >>The Ludhiana Central Cooperative Bank Ltd >>Umedpur

MICR code for Axis Bank Rattan

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 Rattan 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 Rattan branch. MICR code for Rattan 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 Rattan is presented in the table alongside.

Use of Axis Bank MICR code for Rattan branch in ludhiana

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