Axis Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Axis Bank Chandigarh Chandigarh Chandigarh

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MICR Code	160211054
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Industrial Area Chandigarh
Contact	8054006381
Bank Details	Axis Bank Industrial Area Chandigarh UTIB0003338

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode
Country	IN
Address	Ground floor plot no 149 industrial area phase i

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 160211054 for Industrial Area Chandigarh 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 160211054 of Axis Bank, Industrial Area Chandigarh branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Industrial Area Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 23 branches of Axis Bank are available with micr code -

>>Bansepur >>Chandigarh >>Chandigarh >>Chandigarh >>Chandigarh >>Chandigarh Sector Thirty Five >>Industrial Area Chandigarh >>Industrial Area Phase Two >>Infosys Campus Chandigarh >>Madhya Marg Branch >>Premiumbranchchandigarh >>Sarsini >>Sector 16 Chandigarh >>Sector 17 Chandigarh >>Sector 22 Chandigarh >>Sector 32 Chandigarh >>Sector 38 Chandigarh >>Sector Eight Chandigarh >>Sector Fourty Four C >>Sector Fourty Seven D >>Sector Thirty Six Chandigarh >>Service Branch Chandigarh >>The Punjab State Co Op Bank

MICR code for Axis Bank Industrial Area Chandigarh

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 Industrial Area Chandigarh 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. 160211054 is the MICR code of Axis Bank for Industrial Area Chandigarh branch. MICR code for Industrial Area Chandigarh 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 Industrial Area Chandigarh is presented in the table alongside.

Use of Axis Bank MICR code for Industrial Area Chandigarh branch in chandigarh

The MICR code 160211054 is used in RBI cheque clearing process to identify the branch Industrial Area Chandigarh 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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