Axis Bank Silchar Cachar Assam MICR CODE

Find MICR Codes for Axis Bank Silchar Cachar Assam

Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Silchar (Assam)
Contact 788001
Bank Details Axis Bank Silchar (Assam) UTIB0000271
Location Silchar, Cachar
City Silchar
District Cachar
State Assam
Country IN
Address Chowchakra complex shyama prasad road shillong patty
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 Silchar (Assam) 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, Silchar (Assam) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Silchar (Assam) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Axis Bank are available with micr code -

>>Club Road Silchar >>N S Avenue >>Silchar (Assam)

MICR code for Axis Bank Silchar (Assam)

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 Silchar (Assam) 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 Silchar (Assam) branch. MICR code for Silchar (Assam) 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 Silchar (Assam) is presented in the table alongside.

Use of Axis Bank MICR code for Silchar (Assam) branch in silchar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Silchar (Assam) 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.