Axis Bank Margherita Tinsukia Assam MICR CODE

Find MICR Codes for Axis Bank Margherita Tinsukia Assam

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MICR Code	786211501
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Margherita
Contact	(03751) 272666/200/111
Bank Details	Axis Bank Margherita UTIB0001972

Location	Margherita, Tinsukia
City	Margherita
District	Tinsukia
State	Assam
Pincode	786181
Country	IN
Address	Ground floor, segunbari tiniali ward no.2, margherita, tinsukia, assam, 786181

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 786211501 for Margherita 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 786211501 of Axis Bank, Margherita branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Margherita 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 -

>>Margherita

MICR code for Axis Bank Margherita

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 Margherita 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. 786211501 is the MICR code of Axis Bank for Margherita branch. MICR code for Margherita 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 Margherita is presented in the table alongside.

Use of Axis Bank MICR code for Margherita branch in margherita

The MICR code 786211501 is used in RBI cheque clearing process to identify the branch Margherita 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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