Axis Bank Mumbai Thane Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Thane Maharashtra

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MICR Code	400211049
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bhayander East
Contact	(022) 28178460
Bank Details	Axis Bank Bhayander East UTIB0000575

Location	Mumbai, Thane
City	Mumbai
District	Thane
State	Maharashtra
Pincode	401105
Country	IN
Address	Father joseph english high school, ground floor, navaghar road, bhayander east, thane

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 400211049 for Bhayander East 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 400211049 of Axis Bank, Bhayander East branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Bhayander East branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Axis Bank are available with micr code -

>>Anjur Phata Bhiwandi >>Bhayander East >>Brahmand Thane >>Hiranandani Estate >>Kalyan West >>Mira Road >>Ulhasnagar Maharashtra

MICR code for Axis Bank Bhayander East

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 Bhayander East 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. 400211049 is the MICR code of Axis Bank for Bhayander East branch. MICR code for Bhayander East 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 Bhayander East is presented in the table alongside.

Use of Axis Bank MICR code for Bhayander East branch in mumbai

The MICR code 400211049 is used in RBI cheque clearing process to identify the branch Bhayander East 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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