Axis Bank Gill Ludhiana Punjab MICR CODE

Find MICR Codes for Axis Bank Gill Ludhiana Punjab

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MICR Code	141211016
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ranian
Contact	0161-0161-5006325/20 , 011-26322236
Bank Details	Axis Bank Ranian UTIB0001983

Location	Gill, Ludhiana
City	Gill
District	Ludhiana
State	Punjab
Pincode	141116
Country	IN
Address	Axis bank limited ground floor, near bus stand, gill road village ranian-141116 distt. Ludhiana, punjab

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 141211016 for Ranian 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 141211016 of Axis Bank, Ranian branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ranian 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 -

>>Manakwal >>Ranian

MICR code for Axis Bank Ranian

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 Ranian 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. 141211016 is the MICR code of Axis Bank for Ranian branch. MICR code for Ranian 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 Ranian is presented in the table alongside.

Use of Axis Bank MICR code for Ranian branch in gill

The MICR code 141211016 is used in RBI cheque clearing process to identify the branch Ranian 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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