Axis Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Axis Bank Surat Surat Gujarat

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pal
Contact 8980803012
Bank Details Axis Bank Pal UTIB0003117
Location Surat, Surat
City Surat
District Surat
State Gujarat
Pincode 394510
Country IN
Address Ground floor g12 helios pal surat gujarat pin 394510
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 395211029 for Pal 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 395211029 of Axis Bank, Pal branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Pal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Pal

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 Pal 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. 395211029 is the MICR code of Axis Bank for Pal branch. MICR code for Pal 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 Pal is presented in the table alongside.

Use of Axis Bank MICR code for Pal branch in surat

The MICR code 395211029 is used in RBI cheque clearing process to identify the branch Pal 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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