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	110211016
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Khan Market (New Delhi)
Contact	110003
Bank Details	Axis Bank Khan Market (New Delhi) UTIB0000120

Location	Delhi, New Delhi
City	Delhi
District	New Delhi
State	New Delhi
Pincode	110003
Country	IN
Address	Shop 2a & 2b ,khan market new delhi

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 110211016 for Khan Market (New Delhi) 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 110211016 of Axis Bank, Khan Market (New Delhi) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Khan Market (New Delhi) 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 Khan Market (New Delhi)

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 Khan Market (New Delhi) 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. 110211016 is the MICR code of Axis Bank for Khan Market (New Delhi) branch. MICR code for Khan Market (New Delhi) 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 Khan Market (New Delhi) is presented in the table alongside.

Use of Axis Bank MICR code for Khan Market (New Delhi) branch in delhi

The MICR code 110211016 is used in RBI cheque clearing process to identify the branch Khan Market (New Delhi) 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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