Axis Bank Ahmednagar Ahmednagar Maharashtra MICR CODE

Find MICR Codes for Axis Bank Ahmednagar Ahmednagar Maharashtra

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Chitale Road
Contact
Bank Details	Axis Bank Chitale Road UTIB0004498

Location	Ahmednagar, Ahmednagar
City	Ahmednagar
District	Ahmednagar
State	Maharashtra
Pincode	414001
Country	IN
Address	Ground floor, 813, near ahmednagar city library,chitate road nalegoan, ahmednagar pin 414001

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

A total of 2 branches of Axis Bank are available with micr code -

>>Ahmednagar Dist Central Co Op Bank >>Chitale Road

MICR code for Axis Bank Chitale Road

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 Chitale Road 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 Chitale Road branch. MICR code for Chitale Road 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 Chitale Road is presented in the table alongside.

Use of Axis Bank MICR code for Chitale Road branch in ahmednagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chitale Road 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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