Axis Bank Chandrapur Chandrapur Maharashtra MICR CODE

Find MICR Codes for Axis Bank Chandrapur Chandrapur Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Durgapur Chandrapur
Contact 265604
Bank Details Axis Bank Durgapur Chandrapur UTIB0003652
Location Chandrapur, Chandrapur
City Chandrapur
District Chandrapur
State Maharashtra
Pincode
Country IN
Address Ground floor tadoba road kranti super market durgapur main post urja nagar
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 442211104 for Durgapur Chandrapur 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 442211104 of Axis Bank, Durgapur Chandrapur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Durgapur Chandrapur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Durgapur Chandrapur

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 Durgapur Chandrapur 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. 442211104 is the MICR code of Axis Bank for Durgapur Chandrapur branch. MICR code for Durgapur Chandrapur 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 Durgapur Chandrapur is presented in the table alongside.

Use of Axis Bank MICR code for Durgapur Chandrapur branch in chandrapur

The MICR code 442211104 is used in RBI cheque clearing process to identify the branch Durgapur Chandrapur 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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