Axis Bank Solan Malku Majra Himachal Pradesh MICR CODE

Find MICR Codes for Axis Bank Solan Malku Majra Himachal Pradesh

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MICR Code	173211004
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Malku Majra
Contact	1795-9143700007
Bank Details	Axis Bank Malku Majra UTIB0004811

Location	Solan, Malku Majra
City	Solan
District	Malku Majra
State	Himachal Pradesh
Pincode
Country	IN
Address	Ground floor, morepen road, village malku majra, tehsil baddi, district solan

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 173211004 for Malku Majra 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 173211004 of Axis Bank, Malku Majra branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Malku Majra 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 -

>>Malku Majra

MICR code for Axis Bank Malku Majra

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 Malku Majra 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. 173211004 is the MICR code of Axis Bank for Malku Majra branch. MICR code for Malku Majra 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 Malku Majra is presented in the table alongside.

Use of Axis Bank MICR code for Malku Majra branch in solan

The MICR code 173211004 is used in RBI cheque clearing process to identify the branch Malku Majra 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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