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Axis Bank Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for Axis Bank Jaipur Jaipur Rajasthan

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shastri Nagar
Contact 2304207
Bank Details Axis Bank Shastri Nagar UTIB0003519
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode 302016
Country IN
Address C1 pushpa tower shastri nagar jaipur 302016
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 302211021 for Shastri Nagar 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 302211021 of Axis Bank, Shastri Nagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shastri Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Shastri Nagar

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 Shastri Nagar 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. 302211021 is the MICR code of Axis Bank for Shastri Nagar branch. MICR code for Shastri Nagar 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 Shastri Nagar is presented in the table alongside.

Use of Axis Bank MICR code for Shastri Nagar branch in jaipur

The MICR code 302211021 is used in RBI cheque clearing process to identify the branch Shastri Nagar 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.