Axis Bank Panposh Sundargarh Orissa MICR CODE

Find MICR Codes for Axis Bank Panposh Sundargarh Orissa

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panposh Road Rourkela
Contact (0661)2402271/3/4/5 / (0661) 2402272
Bank Details Axis Bank Panposh Road Rourkela UTIB0001067
Location Panposh, Sundargarh
City Panposh
District Sundargarh
State Orissa
Pincode 769004
Country IN
Address Sri laxmi narayan complex,panposh road , rourkela,district: sundargarh, orissa, pin 769004
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 769211003 for Panposh Road Rourkela 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 769211003 of Axis Bank, Panposh Road Rourkela branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Panposh Road Rourkela 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 -

>>Panposh Road Rourkela

MICR code for Axis Bank Panposh Road Rourkela

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 Panposh Road Rourkela 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. 769211003 is the MICR code of Axis Bank for Panposh Road Rourkela branch. MICR code for Panposh Road Rourkela 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 Panposh Road Rourkela is presented in the table alongside.

Use of Axis Bank MICR code for Panposh Road Rourkela branch in panposh

The MICR code 769211003 is used in RBI cheque clearing process to identify the branch Panposh Road Rourkela 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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