Axis Bank Devigarh Patiala Punjab MICR CODE

Find MICR Codes for Axis Bank Devigarh Patiala Punjab

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shekhupur
Contact 9878610706
Bank Details Axis Bank Shekhupur UTIB0002135
Location Devigarh, Patiala
City Devigarh
District Patiala
State Punjab
Pincode 147111
Country IN
Address Ground floor, khewat no. 112/92, opp. Gurudwara parameshwar, village shekhupur, dist. Patiala, punjab, pin 147111
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 147211007 for Shekhupur 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 147211007 of Axis Bank, Shekhupur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shekhupur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Axis Bank are available with micr code -

>>Devigarh >>Shekhupur

MICR code for Axis Bank Shekhupur

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 Shekhupur 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. 147211007 is the MICR code of Axis Bank for Shekhupur branch. MICR code for Shekhupur 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 Shekhupur is presented in the table alongside.

Use of Axis Bank MICR code for Shekhupur branch in devigarh

The MICR code 147211007 is used in RBI cheque clearing process to identify the branch Shekhupur 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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