Axis Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Axis Bank Ludhiana Ludhiana Punjab

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khasi Kalan
Contact 161-7888610638
Bank Details Axis Bank Khasi Kalan UTIB0006140
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 269309
Country IN
Address Ground floor,khata no 72 83,269 309 khasra no 98 23 3,98 12 1, 19 2, 20 1, 22 3, 23 1,hadbast no 1832,tajpur road
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 Khasi Kalan 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, Khasi Kalan branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Khasi Kalan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Khasi Kalan

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 Khasi Kalan 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 Khasi Kalan branch. MICR code for Khasi Kalan 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 Khasi Kalan is presented in the table alongside.

Use of Axis Bank MICR code for Khasi Kalan branch in ludhiana

The MICR code 0 is used in RBI cheque clearing process to identify the branch Khasi Kalan 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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