Let Others Know
×
LinkedIn
Email
WhatsApp

Axis Bank Imphal Imphal Manipur MICR CODE

Find MICR Codes for Axis Bank Imphal Imphal Manipur

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Porompat
Contact 0385-2447095/92/96/97 , 0385-2447086
Bank Details Axis Bank Porompat UTIB0001866
Location Imphal, Imphal
City Imphal
District Imphal
State Manipur
Pincode 795010
Country IN
Address Porompat ayangpalli road, opp jnims main gate, imphal, manipur 795010
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 795211501 for Porompat 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 795211501 of Axis Bank, Porompat branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Porompat branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Axis Bank are available with micr code -

>>Chingmeirong >>Paona Bazar Imphal >>Porompat >>The Manipur Womens Coop Bank Ltd

MICR code for Axis Bank Porompat

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 Porompat 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. 795211501 is the MICR code of Axis Bank for Porompat branch. MICR code for Porompat 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 Porompat is presented in the table alongside.

Use of Axis Bank MICR code for Porompat branch in imphal

The MICR code 795211501 is used in RBI cheque clearing process to identify the branch Porompat 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.