Axis Bank s a s nagar (mohali) MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Axis Bank MICR codes list for s a s nagar (mohali), one can further search by branch name specified in the table. You can find MICR codes for all Axis Bank s a s nagar (mohali) branches.
Axis Bank MICR code is a character recognition technology used by banks in the processing of cheques. Axis Bank MICR code for s a s nagar (mohali) branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Axis Bank branches in s a s nagar (mohali), is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Axis Bank s a s nagar (mohali) branch, sprinted 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. Thus MICR code for Axis Bank s a s nagar (mohali) branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Axis Bank MICR codes for s a s nagar (mohali) branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!