Axis Bank Mohali Mohali Punjab MICR CODE

Find MICR Codes for Axis Bank Mohali Mohali Punjab

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MICR Code	160211020
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ballo Majra
Contact
Bank Details	Axis Bank Ballo Majra UTIB0001676

Location	Mohali, Mohali
City	Mohali
District	Mohali
State	Punjab
Pincode	140130
Country	IN
Address	Ground floor, main road, near gurudwara , distt mohali , punjab village - ballo majra - 140130

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 160211020 for Ballo Majra 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 160211020 of Axis Bank, Ballo Majra branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ballo Majra 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 -

>>Ballo Majra >>Mohali >>Sector Sixty Seven Mohali >>The Sas Nagar Central Cooperative Bank Ltd

MICR code for Axis Bank Ballo Majra

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 Ballo Majra 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. 160211020 is the MICR code of Axis Bank for Ballo Majra branch. MICR code for Ballo Majra 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 Ballo Majra is presented in the table alongside.

Use of Axis Bank MICR code for Ballo Majra branch in mohali

The MICR code 160211020 is used in RBI cheque clearing process to identify the branch Ballo Majra 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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