Axis Bank Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for Axis Bank Amritsar Amritsar Punjab

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chowk
Contact (0183) 5070602/ 3/ 4/ 5 (0183) 5070601
Bank Details Axis Bank Chowk UTIB0001236
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143001
Country IN
Address Ground floor & first floor, plot no 34, khana sumari no. 1564/11, chowk farid, katra jaimal singh, bazar pashamwala, dist.amritsar, punjab , pin 143001.
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 143211004 for Chowk 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 143211004 of Axis Bank, Chowk branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Chowk branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Chowk

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 Chowk 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. 143211004 is the MICR code of Axis Bank for Chowk branch. MICR code for Chowk 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 Chowk is presented in the table alongside.

Use of Axis Bank MICR code for Chowk branch in amritsar

The MICR code 143211004 is used in RBI cheque clearing process to identify the branch Chowk 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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