Axis Bank Panihati North 24 Parganas West Bengal MICR CODE

Find MICR Codes for Axis Bank Panihati North 24 Parganas West Bengal

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MICR Code	700211031
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panihati(West Bengal)
Contact	743203
Bank Details	Axis Bank Panihati(West Bengal) UTIB0000437

Location	Panihati, North 24 Parganas
City	Panihati
District	North 24 Parganas
State	West Bengal
Pincode	700110
Country	IN
Address	Panihati municipality,b. T. Road, panihati north 24 parganas

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 700211031 for Panihati(West Bengal) 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 700211031 of Axis Bank, Panihati(West Bengal) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Panihati(West Bengal) 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 -

>>Panihati(West Bengal)

MICR code for Axis Bank Panihati(West Bengal)

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 Panihati(West Bengal) 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. 700211031 is the MICR code of Axis Bank for Panihati(West Bengal) branch. MICR code for Panihati(West Bengal) 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 Panihati(West Bengal) is presented in the table alongside.

Use of Axis Bank MICR code for Panihati(West Bengal) branch in panihati

The MICR code 700211031 is used in RBI cheque clearing process to identify the branch Panihati(West Bengal) 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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