Axis Bank Ludhiana Mangarh Punjab MICR CODE

Find MICR Codes for Axis Bank Ludhiana Mangarh Punjab

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mangarh
Contact	91
Bank Details	Axis Bank Mangarh UTIB0004174

Location	Ludhiana, Mangarh
City	Ludhiana
District	Mangarh
State	Punjab
Pincode	141112
Country	IN
Address	Khasra no 36 15 1 khata no 73 99 kohara machiwara road village mangarh sub tehsil sahnewal 141112

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

>>Mangarh

MICR code for Axis Bank Mangarh

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 Mangarh 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 Mangarh branch. MICR code for Mangarh 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 Mangarh is presented in the table alongside.

Use of Axis Bank MICR code for Mangarh branch in ludhiana

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