Axis Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Axis Bank Delhi New Delhi New Delhi

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MICR Code	110211042
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Punjabi Bagh Branch
Contact	(011) 2522 6588/89/90
Bank Details	Axis Bank Punjabi Bagh Branch UTIB0000478

Location	Delhi, New Delhi
City	Delhi
District	New Delhi
State	New Delhi
Pincode	110026
Country	IN
Address	49, west avenue road punjabi bagh",new delhi,110026

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 110211042 for Punjabi Bagh Branch 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 110211042 of Axis Bank, Punjabi Bagh Branch branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Punjabi Bagh Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 60 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Punjabi Bagh Branch

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 Punjabi Bagh Branch 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. 110211042 is the MICR code of Axis Bank for Punjabi Bagh Branch branch. MICR code for Punjabi Bagh Branch 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 Punjabi Bagh Branch is presented in the table alongside.

Use of Axis Bank MICR code for Punjabi Bagh Branch branch in delhi

The MICR code 110211042 is used in RBI cheque clearing process to identify the branch Punjabi Bagh Branch 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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