Axis Bank Yamunanagar Yamunanagar Haryana MICR CODE

Find MICR Codes for Axis Bank Yamunanagar Yamunanagar Haryana

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Yamunanagar Haryana
Contact (01732) 201925/27/ 28
Bank Details Axis Bank Yamunanagar Haryana UTIB0000581
Location Yamunanagar, Yamunanagar
City Yamunanagar
District Yamunanagar
State Haryana
Pincode 135001
Country IN
Address Municipal no. B-v/282, model townmela singh chowk, sardar mela singh ke kothi, yamunanagar 135 001, haryana
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 Yamunanagar Haryana 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, Yamunanagar Haryana branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Yamunanagar Haryana branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Yamunanagar Haryana

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 Yamunanagar Haryana 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 Yamunanagar Haryana branch. MICR code for Yamunanagar Haryana 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 Yamunanagar Haryana is presented in the table alongside.

Use of Axis Bank MICR code for Yamunanagar Haryana branch in yamunanagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Yamunanagar Haryana 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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