Axis Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Axis Bank Delhi New Delhi New Delhi

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Iit Nehru Place
Contact	11-9582800157
Bank Details	Axis Bank Iit Nehru Place UTIB0005104

Location	Delhi, New Delhi
City	Delhi
District	New Delhi
State	New Delhi
Pincode	110019
Country	IN
Address	Ground floor, international trade tower, nehru place, new delhi 110 019

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 0 for Iit Nehru Place 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 0 of Axis Bank, Iit Nehru Place branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Iit Nehru Place branch, makes the characters readable even if there are other marks and stamps on it.

A total of 60 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Iit Nehru Place

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 Iit Nehru Place 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. 0 is the MICR code of Axis Bank for Iit Nehru Place branch. MICR code for Iit Nehru Place 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 Iit Nehru Place is presented in the table alongside.

Use of Axis Bank MICR code for Iit Nehru Place branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Iit Nehru Place 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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