Axis Bank Savarkundla Amreli Gujarat MICR CODE

Find MICR Codes for Axis Bank Savarkundla Amreli Gujarat

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MICR Code	364211081
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Savarkundla
Contact	9825309989
Bank Details	Axis Bank Savarkundla UTIB0002649

Location	Savarkundla, Amreli
City	Savarkundla
District	Amreli
State	Gujarat
Pincode	364515
Country	IN
Address	Gd floor chandarana automotive chandarana arcade savarkundla amreli gujarat pin 364515

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 364211081 for Savarkundla 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 364211081 of Axis Bank, Savarkundla branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Savarkundla 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 -

>>Savarkundla

MICR code for Axis Bank Savarkundla

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 Savarkundla 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. 364211081 is the MICR code of Axis Bank for Savarkundla branch. MICR code for Savarkundla 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 Savarkundla is presented in the table alongside.

Use of Axis Bank MICR code for Savarkundla branch in savarkundla

The MICR code 364211081 is used in RBI cheque clearing process to identify the branch Savarkundla 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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