Axis Bank Budgam Seikhpora Jammu And Kashmir MICR CODE

Find MICR Codes for Axis Bank Budgam Seikhpora Jammu And Kashmir

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State
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City
Branch
Address

MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sheikhpora Budgam
Contact	1951-9419091150
Bank Details	Axis Bank Sheikhpora Budgam UTIB0005494

Location	Budgam, Seikhpora
City	Budgam
District	Seikhpora
State	Jammu And Kashmir
Pincode
Country	IN
Address	Ground floor, opp budgam motors, khasra no 217, 218, 219, khewat no 159, district budgam, jammu and kashmir

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

>>Sheikhpora Budgam

MICR code for Axis Bank Sheikhpora Budgam

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 Sheikhpora Budgam 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 Sheikhpora Budgam branch. MICR code for Sheikhpora Budgam 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 Sheikhpora Budgam is presented in the table alongside.

Use of Axis Bank MICR code for Sheikhpora Budgam branch in budgam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sheikhpora Budgam 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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