Axis Bank Phingeswar Fingeshwar Chhattisgarh MICR CODE

Find MICR Codes for Axis Bank Phingeswar Fingeshwar Chhattisgarh

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MICR Code	493211502
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Basin
Contact	(07701) 253120 9630088448
Bank Details	Axis Bank Basin UTIB0001728

Location	Phingeswar, Fingeshwar
City	Phingeswar
District	Fingeshwar
State	Chhattisgarh
Pincode	493992
Country	IN
Address	Village and post – basin, police stn.- phingeswar, tah- rajim, basin, dist. Raipur, chattisgarh, pin 493992

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 493211502 for Basin 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 493211502 of Axis Bank, Basin branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Basin 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 -

>>Basin

MICR code for Axis Bank Basin

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 Basin 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. 493211502 is the MICR code of Axis Bank for Basin branch. MICR code for Basin 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 Basin is presented in the table alongside.

Use of Axis Bank MICR code for Basin branch in phingeswar

The MICR code 493211502 is used in RBI cheque clearing process to identify the branch Basin 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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