Axis Bank Sas Nagar(Mohali) Rupnagar Punjab MICR CODE

Find MICR Codes for Axis Bank Sas Nagar(Mohali) Rupnagar Punjab

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MICR Code	160211022
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chau Majra
Contact
Bank Details	Axis Bank Chau Majra UTIB0001653

Location	Sas Nagar(Mohali), Rupnagar
City	Sas Nagar(Mohali)
District	Rupnagar
State	Punjab
Pincode	140306
Country	IN
Address	Ground floor, khasra no.102, chau majra, dist sas nagar, punjab, pin 140306

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 160211022 for Chau 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 160211022 of Axis Bank, Chau Majra branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Chau Majra branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Axis Bank are available with micr code -

>>Chau Majra >>Hamayunpur >>Kansala >>Mohali >>Mohali Phase 5 >>Papri

MICR code for Axis Bank Chau 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 Chau 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. 160211022 is the MICR code of Axis Bank for Chau Majra branch. MICR code for Chau 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 Chau Majra is presented in the table alongside.

Use of Axis Bank MICR code for Chau Majra branch in sas nagar(mohali)

The MICR code 160211022 is used in RBI cheque clearing process to identify the branch Chau 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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