Axis Bank Shimla Shimla Himachal Pradesh MICR CODE

Find MICR Codes for Axis Bank Shimla Shimla Himachal Pradesh

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sanjauli Shimla
Contact
Bank Details Axis Bank Sanjauli Shimla UTIB0004714
Location Shimla, Shimla
City Shimla
District Shimla
State Himachal Pradesh
Pincode
Country IN
Address Gf & ff, mohal upmohal, sanjauli bazar, main road, opp vishal mega mart, sanjauli shimla
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 0 for Sanjauli Shimla 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 0 of Axis Bank, Sanjauli Shimla branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sanjauli Shimla branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Axis Bank are available with micr code -

>>New Shimla >>Sanjauli Shimla >>Shimla The Mall

MICR code for Axis Bank Sanjauli Shimla

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 Sanjauli Shimla 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. 0 is the MICR code of Axis Bank for Sanjauli Shimla branch. MICR code for Sanjauli Shimla 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 Sanjauli Shimla is presented in the table alongside.

Use of Axis Bank MICR code for Sanjauli Shimla branch in shimla

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sanjauli Shimla 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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