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Axis Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Axis Bank Ahmedabad Ahmedabad Gujarat

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Swastik Char Rasta
Contact 79-8511212430
Bank Details Axis Bank Swastik Char Rasta UTIB0005141
Location Ahmedabad, Ahmedabad
City Ahmedabad
District Ahmedabad
State Gujarat
Pincode 380009
Country IN
Address Ground floor, kalapurnam, near municipal market, cg road , ahmedabad , gujarat 380009
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 Swastik Char Rasta 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, Swastik Char Rasta branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Swastik Char Rasta branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Swastik Char Rasta

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 Swastik Char Rasta 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 Swastik Char Rasta branch. MICR code for Swastik Char Rasta 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 Swastik Char Rasta is presented in the table alongside.

Use of Axis Bank MICR code for Swastik Char Rasta branch in ahmedabad

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