Axis Bank Navi Mumbai Thane Maharashtra MICR CODE

Find MICR Codes for Axis Bank Navi Mumbai Thane Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ccgo North
Contact 71316493
Bank Details Axis Bank Ccgo North UTIB0004029
Location Navi Mumbai, Thane
City Navi Mumbai
District Thane
State Maharashtra
Pincode 400708
Country IN
Address Npc 1 6th floor building no 1 gigaplex plot no it 5 midc airoli knowledge park navi mumbai 400708
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 Ccgo North 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, Ccgo North branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Ccgo North branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Axis Bank are available with micr code -

>>Ccgo North >>Koperkhairne >>Retail Forex And Remittances Center >>Sector Eight Ghansoli >>Sector Fifteen Belapur >>Sector Two Koperkhairne

MICR code for Axis Bank Ccgo North

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 Ccgo North 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 Ccgo North branch. MICR code for Ccgo North 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 Ccgo North is presented in the table alongside.

Use of Axis Bank MICR code for Ccgo North branch in navi mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ccgo North 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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