Axis Bank Lalru Sas Nagar Punjab MICR CODE

Find MICR Codes for Axis Bank Lalru Sas Nagar Punjab

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MICR Code	160211062
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lalru
Contact	972992247
Bank Details	Axis Bank Lalru UTIB0003534

Location	Lalru, Sas Nagar
City	Lalru
District	Sas Nagar
State	Punjab
Pincode
Country	IN
Address	Ground floor, shop no. 20, main market, nh 22, lalru

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 160211062 for Lalru 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 160211062 of Axis Bank, Lalru branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Lalru 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 -

>>Lalru

MICR code for Axis Bank Lalru

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 Lalru 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. 160211062 is the MICR code of Axis Bank for Lalru branch. MICR code for Lalru 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 Lalru is presented in the table alongside.

Use of Axis Bank MICR code for Lalru branch in lalru

The MICR code 160211062 is used in RBI cheque clearing process to identify the branch Lalru 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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