Axis Bank New Bombay Thane Maharashtra MICR CODE

Find MICR Codes for Axis Bank New Bombay Thane Maharashtra

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MICR Code	400211994
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Channel Finance Hub
Contact	022 - 71312227
Bank Details	Axis Bank Channel Finance Hub UTIB0002470

Location	New Bombay, Thane
City	New Bombay
District	Thane
State	Maharashtra
Pincode	400708
Country	IN
Address	2nd floor, building no. 1, gigaplex, plot no. I.t. 5, midc, airoli knowledge park, airoli, navi mumbai - 400 708

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 400211994 for Channel Finance Hub 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 400211994 of Axis Bank, Channel Finance Hub branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Channel Finance Hub branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Axis Bank are available with micr code -

>>Axis Accelerate Hub >>Central Processing Unit >>Channel Finance Hub >>Cts Grid Operations Mumbai >>Domestic Trade Nvm Mh >>Karnala Nagari Sahakari Bank Limited >>Mahape >>Nerul (East) Navi Mumbai

MICR code for Axis Bank Channel Finance Hub

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 Channel Finance Hub 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. 400211994 is the MICR code of Axis Bank for Channel Finance Hub branch. MICR code for Channel Finance Hub 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 Channel Finance Hub is presented in the table alongside.

Use of Axis Bank MICR code for Channel Finance Hub branch in new bombay

The MICR code 400211994 is used in RBI cheque clearing process to identify the branch Channel Finance Hub 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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