Axis Bank Panruti Cuddalore Tamil Nadu MICR CODE

Find MICR Codes for Axis Bank Panruti Cuddalore Tamil Nadu

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MICR Code	607211202
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panruti
Contact	243291
Bank Details	Axis Bank Panruti UTIB0003531

Location	Panruti, Cuddalore
City	Panruti
District	Cuddalore
State	Tamil Nadu
Pincode
Country	IN
Address	No 225, cuddalore road, panruti

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 607211202 for Panruti 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 607211202 of Axis Bank, Panruti branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Panruti 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 -

>>Panruti >>Siruvathur

MICR code for Axis Bank Panruti

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 Panruti 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. 607211202 is the MICR code of Axis Bank for Panruti branch. MICR code for Panruti 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 Panruti is presented in the table alongside.

Use of Axis Bank MICR code for Panruti branch in panruti

The MICR code 607211202 is used in RBI cheque clearing process to identify the branch Panruti 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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