Axis Bank Mohali Banur Punjab MICR CODE

Find MICR Codes for Axis Bank Mohali Banur Punjab

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Banur
Contact	91
Bank Details	Axis Bank Banur UTIB0004158

Location	Mohali, Banur
City	Mohali
District	Banur
State	Punjab
Pincode	140601
Country	IN
Address	Showroom no 3 hadbast no 280 ward no 1 opposite sale tax barrier chandigarh patiala highway banur 140601

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 0 for Banur 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 0 of Axis Bank, Banur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Banur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Banur

MICR code for Axis Bank Banur

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 Banur 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. 0 is the MICR code of Axis Bank for Banur branch. MICR code for Banur 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 Banur is presented in the table alongside.

Use of Axis Bank MICR code for Banur branch in mohali

The MICR code 0 is used in RBI cheque clearing process to identify the branch Banur 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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