Axis Bank Malapuram Malappuram Kerala MICR CODE

Find MICR Codes for Axis Bank Malapuram Malappuram Kerala

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MICR Code	673211202
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ponnani
Contact	2663611
Bank Details	Axis Bank Ponnani UTIB0003738

Location	Malapuram, Malappuram
City	Malapuram
District	Malappuram
State	Kerala
Pincode	679577
Country	IN
Address	First floor, khaleej mall, ponnani road, chamravattom junction, malappuram 679577

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 673211202 for Ponnani 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 673211202 of Axis Bank, Ponnani branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ponnani 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 -

>>Ponnani

MICR code for Axis Bank Ponnani

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 Ponnani 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. 673211202 is the MICR code of Axis Bank for Ponnani branch. MICR code for Ponnani 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 Ponnani is presented in the table alongside.

Use of Axis Bank MICR code for Ponnani branch in malapuram

The MICR code 673211202 is used in RBI cheque clearing process to identify the branch Ponnani 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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