Axis Bank Sas Nagar Mohali Punjab MICR CODE

Find MICR Codes for Axis Bank Sas Nagar Mohali Punjab

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MICR Code	160211059
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sector Eighty Two Mohali
Contact	7837108012
Bank Details	Axis Bank Sector Eighty Two Mohali UTIB0003511

Location	Sas Nagar, Mohali
City	Sas Nagar
District	Mohali
State	Punjab
Pincode	160054
Country	IN
Address	Sco no 11, sector 82

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 160211059 for Sector Eighty Two Mohali 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 160211059 of Axis Bank, Sector Eighty Two Mohali branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sector Eighty Two Mohali 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 -

>>Sector Eighty Two Mohali

MICR code for Axis Bank Sector Eighty Two Mohali

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 Sector Eighty Two Mohali 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. 160211059 is the MICR code of Axis Bank for Sector Eighty Two Mohali branch. MICR code for Sector Eighty Two Mohali 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 Sector Eighty Two Mohali is presented in the table alongside.

Use of Axis Bank MICR code for Sector Eighty Two Mohali branch in sas nagar

The MICR code 160211059 is used in RBI cheque clearing process to identify the branch Sector Eighty Two Mohali 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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