Axis Bank Moga Moga Punjab MICR CODE

Find MICR Codes for Axis Bank Moga Moga Punjab

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MICR Code	142211998
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Fatehgarh Korotana
Contact	9872213624
Bank Details	Axis Bank Fatehgarh Korotana UTIB0002389

Location	Moga, Moga
City	Moga
District	Moga
State	Punjab
Pincode	142001
Country	IN
Address	Ground floor, khewat no. 1035, 1035/1, khatauni no. 1471,1471/1, village : fatehgarh korotana, tehsil and district: moga, punjab, pin 142001

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 142211998 for Fatehgarh Korotana 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 142211998 of Axis Bank, Fatehgarh Korotana branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Fatehgarh Korotana branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Axis Bank are available with micr code -

>>Chamber Road Moga >>Dhulkot Ransin >>Fatehgarh Korotana >>Mangewala >>Mehron >>Moga Punjab >>The Moda Central Cooperative Bank Ltd

MICR code for Axis Bank Fatehgarh Korotana

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 Fatehgarh Korotana 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. 142211998 is the MICR code of Axis Bank for Fatehgarh Korotana branch. MICR code for Fatehgarh Korotana 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 Fatehgarh Korotana is presented in the table alongside.

Use of Axis Bank MICR code for Fatehgarh Korotana branch in moga

The MICR code 142211998 is used in RBI cheque clearing process to identify the branch Fatehgarh Korotana 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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