Axis Bank Palai Kottayam Kerala MICR CODE

Find MICR Codes for Axis Bank Palai Kottayam Kerala

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MICR Code	686211003
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Palai Kerala
Contact	(04822) 216 780/81/82
Bank Details	Axis Bank Palai Kerala UTIB0000616

Location	Palai, Kottayam
City	Palai
District	Kottayam
State	Kerala
Pincode	686575
Country	IN
Address	Puthumana arcade palai 686 575, dist. Kottayam, kerala 686 211 003

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 686211003 for Palai Kerala 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 686211003 of Axis Bank, Palai Kerala branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Palai Kerala 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 -

>>Pala Urban Cooperative Bank >>Palai Kerala

MICR code for Axis Bank Palai Kerala

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 Palai Kerala 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. 686211003 is the MICR code of Axis Bank for Palai Kerala branch. MICR code for Palai Kerala 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 Palai Kerala is presented in the table alongside.

Use of Axis Bank MICR code for Palai Kerala branch in palai

The MICR code 686211003 is used in RBI cheque clearing process to identify the branch Palai Kerala 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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