Axis Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Axis Bank Panchkula Panchkula Haryana

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MICR Code	160211061
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panchkula Sector Seven
Contact	9501466455
Bank Details	Axis Bank Panchkula Sector Seven UTIB0003524

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134109
Country	IN
Address	Gr flr bament sco 72 sector 7 panchkula haryana 134109

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 160211061 for Panchkula Sector Seven 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 160211061 of Axis Bank, Panchkula Sector Seven branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Panchkula Sector Seven branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Axis Bank are available with micr code -

>>Garhi >>Kakrali >>Panchkula >>Panchkula Sector >>Panchkula Sector >>Panchkula Sector Forteen >>Panchkula Sector Four >>Panchkula Sector Seven >>Panchkula Sector Twenty Five >>Panchkulasector Six >>Sector 20 Panchkula Haryana >>Sector Twenty One Panchkula >>The Panipat Urban Co Op Bank Ltd

MICR code for Axis Bank Panchkula Sector Seven

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 Panchkula Sector Seven 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. 160211061 is the MICR code of Axis Bank for Panchkula Sector Seven branch. MICR code for Panchkula Sector Seven 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 Panchkula Sector Seven is presented in the table alongside.

Use of Axis Bank MICR code for Panchkula Sector Seven branch in panchkula

The MICR code 160211061 is used in RBI cheque clearing process to identify the branch Panchkula Sector Seven 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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