Axis Bank Bankura Ola West Bengal MICR CODE

Find MICR Codes for Axis Bank Bankura Ola West Bengal

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MICR Code	722211004
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ola
Contact	3242-9831696888
Bank Details	Axis Bank Ola UTIB0004737

Location	Bankura, Ola
City	Bankura
District	Ola
State	West Bengal
Pincode	722155
Country	IN
Address	Khatian no 210 jl no 109, on ola jaykrishnapur road, po sirsara,ps onda,near kali mandir,pin 722155

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 722211004 for Ola 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 722211004 of Axis Bank, Ola branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ola 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 -

>>Ola

MICR code for Axis Bank Ola

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 Ola 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. 722211004 is the MICR code of Axis Bank for Ola branch. MICR code for Ola 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 Ola is presented in the table alongside.

Use of Axis Bank MICR code for Ola branch in bankura

The MICR code 722211004 is used in RBI cheque clearing process to identify the branch Ola 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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