Axis Bank Nakodar Jalandhar Punjab MICR CODE

Find MICR Codes for Axis Bank Nakodar Jalandhar 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	Nakodar
Contact	(01821) 503780/1/2
Bank Details	Axis Bank Nakodar UTIB0000578

Location	Nakodar, Jalandhar
City	Nakodar
District	Jalandhar
State	Punjab
Pincode	144040
Country	IN
Address	Unit no 205d, ladhar complex, noor mahal road, nakodar, 144040

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 Nakodar 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, Nakodar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Nakodar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Axis Bank are available with micr code -

>>Nakodar >>Talwandi Salem

MICR code for Axis Bank Nakodar

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

Use of Axis Bank MICR code for Nakodar branch in nakodar

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