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Axis Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Axis Bank Chandigarh Chandigarh Chandigarh

MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sector 38 Chandigarh
Contact
Bank Details Axis Bank Sector 38 Chandigarh UTIB0001472
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160036
Country IN
Address Axis bank ltd, ground floor & basement, sco 168 & 169, sector - 38 c & d, chandigarh - 160036
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 160211013 for Sector 38 Chandigarh 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 160211013 of Axis Bank, Sector 38 Chandigarh branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sector 38 Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Sector 38 Chandigarh

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 Sector 38 Chandigarh 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. 160211013 is the MICR code of Axis Bank for Sector 38 Chandigarh branch. MICR code for Sector 38 Chandigarh 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 Sector 38 Chandigarh is presented in the table alongside.

Use of Axis Bank MICR code for Sector 38 Chandigarh branch in chandigarh

The MICR code 160211013 is used in RBI cheque clearing process to identify the branch Sector 38 Chandigarh 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.