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Axis Bank Rupnagar Sas Nagar Punjab MICR CODE

Find MICR Codes for Axis Bank Rupnagar Sas Nagar Punjab

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saidpura
Contact 9781722731
Bank Details Axis Bank Saidpura UTIB0002439
Location Rupnagar, Sas Nagar
City Rupnagar
District Sas Nagar
State Punjab
Pincode 140901
Country IN
Address Ground floor, khewat/khatauni no. 343/522, khasra no.48//2/1(2-6), 9 (4-0), 12/1(3-8), hadbast no. 10, village: saidpura, tehsil: derabassi, dist:sas nagar, punjab, pin 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 140211884 for Saidpura 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 140211884 of Axis Bank, Saidpura branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Saidpura 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 -

>>Dafarpur >>Saidpura

MICR code for Axis Bank Saidpura

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 Saidpura 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. 140211884 is the MICR code of Axis Bank for Saidpura branch. MICR code for Saidpura 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 Saidpura is presented in the table alongside.

Use of Axis Bank MICR code for Saidpura branch in rupnagar

The MICR code 140211884 is used in RBI cheque clearing process to identify the branch Saidpura 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.