Axis Bank Raipur Raipur Chandigarh MICR CODE

Find MICR Codes for Axis Bank Raipur Raipur Chandigarh

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MICR Code	492211014
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sundarnagar Raipur
Contact	4915471
Bank Details	Axis Bank Sundarnagar Raipur UTIB0003844

Location	Raipur, Raipur
City	Raipur
District	Raipur
State	Chandigarh
Pincode
Country	IN
Address	Ground floor, bajaj complex, near reserve bank of india, mahadeo ghat road, sundarnagar raipur

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 492211014 for Sundarnagar Raipur 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 492211014 of Axis Bank, Sundarnagar Raipur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sundarnagar Raipur 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 -

>>Sundarnagar Raipur

MICR code for Axis Bank Sundarnagar Raipur

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 Sundarnagar Raipur 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. 492211014 is the MICR code of Axis Bank for Sundarnagar Raipur branch. MICR code for Sundarnagar Raipur 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 Sundarnagar Raipur is presented in the table alongside.

Use of Axis Bank MICR code for Sundarnagar Raipur branch in raipur

The MICR code 492211014 is used in RBI cheque clearing process to identify the branch Sundarnagar Raipur 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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