|
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 of Axis Bank, palam branch makes the system almost error free and faster. Use of Axis Bank MICR codes for palam branch, makes the characters readable even if there are other marks and stamps on it.
>>Ajay Enclave >>Ashok Vihar (New Delhi) >>Badarpur Delhi >>Basant Lok >>Chandni Chowk (Delhi) >>Chattarpur >>Chittaranjan Park (New Delhi) >>Clock Tower Hari Nagar >>D.B. Gupta Road New Delhi >>Daryaganj (Delhi) >>Defence Colony New Delhi >>Dlf Capitol Point Cp >>Dwarka >>Dwarka (Delhi) >>Greater Kailash >>Greater Kailash Ii (New Delhi) >>Green Park >>Iit Nehru Place >>Janakpuri (New Delhi) >>Janakpuri A Block >>Karkardooma Delhi >>Karol Bagh (West Delhi) >>Khan Market (New Delhi) >>Kirti Nagar (New Delhi) >>Krishna Nagar Delhi >>Lajpat Nagar (New Delhi) >>Malviya Nagar (New Delhi) >>Mayur Vihar New Delhi >>Meharuli >>Model Town (Delhi) >>N Block Malviyanagar >>Nazafgarh New Delhi >>New Delhi >>New Delhi Service Br >>Okhla Phase >>Palam (Delhi) >>Paschim Vihar >>Pitampura >>Punjabi Bagh Branch >>Rajinder Nagar (West Delhi) >>Rajouri Garden >>Ring Road Lajpat Nagar Iv >>Rohini Delhi >>Rohtak (Haryana) >>Saket >>Saket New Delhi >>Sda Market >>Sec Five Rohini >>Sector 7 Rohini (Delhi) >>Shadley Public School Rajouri Garden New Delhi >>Shakti Nagar >>Shalimar Bagh (Delhi) >>South Extension Part One >>Square One Saket >>Sunder Nagar >>Swasthya Vihar New Delhi >>Vasant Kunj (Nd) >>Vasant Vihar (New Delhi) >>Vikaspuri
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 palam 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. is the MICR code of Axis Bank for palam branch. MICR code for palam 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 palam is presented in the table alongside.
The MICR code is used in RBI cheque clearing process to identify the branch palam 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.