Axis Bank Alwar Alwar Rajasthan MICR CODE

Find MICR Codes for Axis Bank Alwar Alwar Rajasthan

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MICR Code	301211003
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ashok Vihar
Contact	2732435
Bank Details	Axis Bank Ashok Vihar UTIB0003340

Location	Alwar, Alwar
City	Alwar
District	Alwar
State	Rajasthan
Pincode	301001
Country	IN
Address	Plot no 46 near karamchari colony

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 301211003 for Ashok Vihar 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 301211003 of Axis Bank, Ashok Vihar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ashok Vihar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Axis Bank are available with micr code -

>>Alwar (Rajasthan) >>Ashok Vihar >>Bhiwadi

MICR code for Axis Bank Ashok Vihar

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 Ashok Vihar 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. 301211003 is the MICR code of Axis Bank for Ashok Vihar branch. MICR code for Ashok Vihar 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 Ashok Vihar is presented in the table alongside.

Use of Axis Bank MICR code for Ashok Vihar branch in alwar

The MICR code 301211003 is used in RBI cheque clearing process to identify the branch Ashok Vihar 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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