Axis Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Axis Bank Delhi New Delhi New Delhi

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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	Square One Saket
Contact
Bank Details	Axis Bank Square One Saket UTIB0004122

Location	Delhi, New Delhi
City	Delhi
District	New Delhi
State	New Delhi
Pincode	110017
Country	IN
Address	Sno 19 square one first floor shop no 123 plot no c 2 square one saket new delhi delhi 110017

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 Square One Saket 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, Square One Saket branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Square One Saket branch, makes the characters readable even if there are other marks and stamps on it.

A total of 60 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Square One Saket

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 Square One Saket 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 Square One Saket branch. MICR code for Square One Saket 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 Square One Saket is presented in the table alongside.

Use of Axis Bank MICR code for Square One Saket branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Square One Saket 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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