MICR Code Bank
Find MICR code for Axis Bank Faridkot branches in India for NEFT and RTGS transfer

Axis Bank Faridkot MICR CODE

Find MICR Codes for Axis Bank Faridkot

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  1. Axis Bank »
  2. Punjab »
  3. faridkot »
  4. faridkot »
  5. faridkot (punjab)

Find MICR Codes for Axis Bank Faridkot

MICR Code: 151211003
Bank: Axis Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Faridkot (Punjab)
Contact: 151203
Bank Details: Axis Bank Faridkot (Punjab) UTIB0000417
Location: Faridkot, Faridkot
City: Faridkot
District: Faridkot
State: Punjab
Pincode: 151203
Country: IN
Address: B-vi/65 ,circular road faridkot

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

A total of 4 branches of Axis Bank are available with micr code

>>Faridkot (Punjab) >>Mehmuana >>Sadiq Road Faridkot >>The Faridkot Central Cooperative Bank Ltd

MICR code for Axis Bank faridkot

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

Use of Axis Bank MICR code for faridkot branch in faridkot

The MICR code is used in RBI cheque clearing process to identify the branch faridkot 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.