Axis Bank Nalbari Tihu Assam MICR CODE

Find MICR Codes for Axis Bank Nalbari Tihu Assam

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Tihu
Contact 3624-9508312874
Bank Details Axis Bank Tihu UTIB0005917
Location Nalbari, Tihu
City Nalbari
District Tihu
State Assam
Pincode 781371
Country IN
Address Ground floor, niti sh complex niti sh tvs showroom old tihu feeder road, near assam oil petrol pump tihu 781371, nalbari, assam
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 Tihu 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, Tihu branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Tihu branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Tihu

MICR code for Axis Bank Tihu

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 Tihu 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 Tihu branch. MICR code for Tihu 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 Tihu is presented in the table alongside.

Use of Axis Bank MICR code for Tihu branch in nalbari

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

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