Axis Bank Kharar Rupnagar Punjab MICR CODE

Find MICR Codes for Axis Bank Kharar Rupnagar Punjab

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MICR Code	160211034
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Parach
Contact	9815650947
Bank Details	Axis Bank Parach UTIB0002233

Location	Kharar, Rupnagar
City	Kharar
District	Rupnagar
State	Punjab
Pincode	140901
Country	IN
Address	Ground floor, khewat/khatauni no. 60/61, khasra no. 285(0-14), village parach, tehsil : kharar, dist. Sas nagar(mohali), punjab, pin 140901

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 160211034 for Parach 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 160211034 of Axis Bank, Parach branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Parach 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 -

>>Majat >>Parach

MICR code for Axis Bank Parach

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 Parach 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. 160211034 is the MICR code of Axis Bank for Parach branch. MICR code for Parach 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 Parach is presented in the table alongside.

Use of Axis Bank MICR code for Parach branch in kharar

The MICR code 160211034 is used in RBI cheque clearing process to identify the branch Parach 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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