Axis Bank Faridabad Faridabad Haryana MICR CODE

Find MICR Codes for Axis Bank Faridabad Faridabad Haryana

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sectora Faridabad
Contact 129-7015270935
Bank Details Axis Bank Sectora Faridabad UTIB0005101
Location Faridabad, Faridabad
City Faridabad
District Faridabad
State Haryana
Pincode
Country IN
Address 24 27, lower ground floor, crown ansal plaza, sector 15a, mathura road, faridabad
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 Sectora Faridabad 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, Sectora Faridabad branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sectora Faridabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Sectora Faridabad

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 Sectora Faridabad 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 Sectora Faridabad branch. MICR code for Sectora Faridabad 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 Sectora Faridabad is presented in the table alongside.

Use of Axis Bank MICR code for Sectora Faridabad branch in faridabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sectora Faridabad 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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