Axis Bank Derababa Nanak Gurdaspur Punjab MICR CODE

Find MICR Codes for Axis Bank Derababa Nanak Gurdaspur Punjab

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MICR Code	143211152
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Derababananak
Contact	9988014020
Bank Details	Axis Bank Derababananak UTIB0001391

Location	Derababa Nanak, Gurdaspur
City	Derababa Nanak
District	Gurdaspur
State	Punjab
Pincode	143604
Country	IN
Address	Ground floor, village. Phakhoke,dera baba nanak, dist. Gurdaspur,punjab , pin 143604

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 143211152 for Derababananak 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 143211152 of Axis Bank, Derababananak branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Derababananak branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Axis Bank are available with micr code -

>>Derababananak >>Hardowal

MICR code for Axis Bank Derababananak

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 Derababananak 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. 143211152 is the MICR code of Axis Bank for Derababananak branch. MICR code for Derababananak 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 Derababananak is presented in the table alongside.

Use of Axis Bank MICR code for Derababananak branch in derababa nanak

The MICR code 143211152 is used in RBI cheque clearing process to identify the branch Derababananak 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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