Axis Bank Patiala Patiala Punjab MICR CODE

Find MICR Codes for Axis Bank Patiala Patiala Punjab

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MICR Code	147211989
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panjola
Contact	7814122682
Bank Details	Axis Bank Panjola UTIB0002412

Location	Patiala, Patiala
City	Patiala
District	Patiala
State	Punjab
Pincode	147101
Country	IN
Address	Ground floor, khewat/khatauni. 48/111 to 118,115/1, village : panjola, tehsil and dist: patiala, punjab, pin 147101

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 147211989 for Panjola 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 147211989 of Axis Bank, Panjola branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Panjola branch, makes the characters readable even if there are other marks and stamps on it.

A total of 15 branches of Axis Bank are available with micr code -

>>Bhadson Road Patiala >>Derabassi Punjab >>Dhamo Majra >>Khera Jattan >>Leela Bhawan Patiala >>Mehmadpur Jattan >>Model Town Patiala >>Nandpur Kesho >>Panjola >>Patiala (Punjab) >>Punia Khanan >>Shekhupura >>Sirhind Road Patiala >>The Patiala Central Cooperative Bank Ltd >>Urban Estate Patiala

MICR code for Axis Bank Panjola

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 Panjola 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. 147211989 is the MICR code of Axis Bank for Panjola branch. MICR code for Panjola 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 Panjola is presented in the table alongside.

Use of Axis Bank MICR code for Panjola branch in patiala

The MICR code 147211989 is used in RBI cheque clearing process to identify the branch Panjola 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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