Axis Bank Kodinar Junagadh Gujarat MICR CODE

Find MICR Codes for Axis Bank Kodinar Junagadh Gujarat

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MICR Code	362211141
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kodinar
Contact
Bank Details	Axis Bank Kodinar UTIB0001591

Location	Kodinar, Junagadh
City	Kodinar
District	Junagadh
State	Gujarat
Pincode	362720
Country	IN
Address	Ali complex, dr. Jivraj mehta road, kodinar, dist. Junagadh, gujarat, pin 362 720

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 362211141 for Kodinar 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 362211141 of Axis Bank, Kodinar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kodinar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Kodinar

MICR code for Axis Bank Kodinar

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 Kodinar 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. 362211141 is the MICR code of Axis Bank for Kodinar branch. MICR code for Kodinar 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 Kodinar is presented in the table alongside.

Use of Axis Bank MICR code for Kodinar branch in kodinar

The MICR code 362211141 is used in RBI cheque clearing process to identify the branch Kodinar 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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