Axis Bank Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for Axis Bank Nashik Nashik Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Adgaon Naka
Contact 9604097708
Bank Details Axis Bank Adgaon Naka UTIB0003124
Location Nashik, Nashik
City Nashik
District Nashik
State Maharashtra
Pincode 250721
Country IN
Address Gr floor shop no 1 sagar plaza s no 250721 opp amrit dham mumbai agra road nashik 422003
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 422211013 for Adgaon Naka 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 422211013 of Axis Bank, Adgaon Naka branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Adgaon Naka branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Adgaon Naka

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 Adgaon Naka 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. 422211013 is the MICR code of Axis Bank for Adgaon Naka branch. MICR code for Adgaon Naka 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 Adgaon Naka is presented in the table alongside.

Use of Axis Bank MICR code for Adgaon Naka branch in nashik

The MICR code 422211013 is used in RBI cheque clearing process to identify the branch Adgaon Naka 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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