Axis Bank Ambala Ambala Haryana MICR CODE

Find MICR Codes for Axis Bank Ambala Ambala Haryana

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Timber Market Ambala
Contact 171-9671918100
Bank Details Axis Bank Timber Market Ambala UTIB0004814
Location Ambala, Ambala
City Ambala
District Ambala
State Haryana
Pincode
Country IN
Address Upper ground floor, kali bari chowk, cross road no 2, timber market, ambala cantt
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 133211023 for Timber Market Ambala 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 133211023 of Axis Bank, Timber Market Ambala branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Timber Market Ambala branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Timber Market Ambala

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 Timber Market Ambala 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. 133211023 is the MICR code of Axis Bank for Timber Market Ambala branch. MICR code for Timber Market Ambala 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 Timber Market Ambala is presented in the table alongside.

Use of Axis Bank MICR code for Timber Market Ambala branch in ambala

The MICR code 133211023 is used in RBI cheque clearing process to identify the branch Timber Market Ambala 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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