Axis Bank Raikot Ludhiana Punjab MICR CODE

Find MICR Codes for Axis Bank Raikot Ludhiana Punjab

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MICR Code	141211303
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Raikot
Contact	0161-0161-5006325/20
Bank Details	Axis Bank Raikot UTIB0001847

Location	Raikot, Ludhiana
City	Raikot
District	Ludhiana
State	Punjab
Pincode	141109
Country	IN
Address	Ground floor, ludhiana road, raikot, distt. Ludhiana, punjab-141109

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 141211303 for Raikot 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 141211303 of Axis Bank, Raikot branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Raikot 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 -

>>Dangon >>Raikot

MICR code for Axis Bank Raikot

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 Raikot 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. 141211303 is the MICR code of Axis Bank for Raikot branch. MICR code for Raikot 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 Raikot is presented in the table alongside.

Use of Axis Bank MICR code for Raikot branch in raikot

The MICR code 141211303 is used in RBI cheque clearing process to identify the branch Raikot 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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