Axis Bank Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Axis Bank Rajkot Rajkot Gujarat

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ambika Township Rajkot
Contact
Bank Details Axis Bank Ambika Township Rajkot UTIB0004861
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode
Country IN
Address Gf shop no 40 to 46, suvarn bhoomi, speed well party plot chowk, jivraj park main road, ambika township
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 360211015 for Ambika Township Rajkot 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 360211015 of Axis Bank, Ambika Township Rajkot branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ambika Township Rajkot branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Ambika Township Rajkot

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 Ambika Township Rajkot 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. 360211015 is the MICR code of Axis Bank for Ambika Township Rajkot branch. MICR code for Ambika Township Rajkot 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 Ambika Township Rajkot is presented in the table alongside.

Use of Axis Bank MICR code for Ambika Township Rajkot branch in rajkot

The MICR code 360211015 is used in RBI cheque clearing process to identify the branch Ambika Township Rajkot 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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