Axis Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Axis Bank Chandigarh Chandigarh Chandigarh

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MICR Code	160211005
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Madhya Marg Branch
Contact	160008
Bank Details	Axis Bank Madhya Marg Branch UTIB0000302

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode
Country	IN
Address	Sco 41-42, mm 8-c,chandigarh

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 160211005 for Madhya Marg Branch 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 160211005 of Axis Bank, Madhya Marg Branch branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Madhya Marg Branch 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 Madhya Marg Branch

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 Madhya Marg Branch 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. 160211005 is the MICR code of Axis Bank for Madhya Marg Branch branch. MICR code for Madhya Marg Branch 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 Madhya Marg Branch is presented in the table alongside.

Use of Axis Bank MICR code for Madhya Marg Branch branch in chandigarh

The MICR code 160211005 is used in RBI cheque clearing process to identify the branch Madhya Marg Branch 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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