Axis Bank Cuncolim South Goa Goa MICR CODE

Find MICR Codes for Axis Bank Cuncolim South Goa Goa

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MICR Code	403211018
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Cuncolim Goa
Contact	1801035577
Bank Details	Axis Bank Cuncolim Goa UTIB0003840

Location	Cuncolim, South Goa
City	Cuncolim
District	South Goa
State	Goa
Pincode	403703
Country	IN
Address	Ground floor, survey no.2.1, h. No. 10.73.a2, market road, cuncolim 403 703, salcete, dist. South goa state goa

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 403211018 for Cuncolim Goa 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 403211018 of Axis Bank, Cuncolim Goa branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Cuncolim Goa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Cuncolim Goa

MICR code for Axis Bank Cuncolim Goa

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 Cuncolim Goa 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. 403211018 is the MICR code of Axis Bank for Cuncolim Goa branch. MICR code for Cuncolim Goa 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 Cuncolim Goa is presented in the table alongside.

Use of Axis Bank MICR code for Cuncolim Goa branch in cuncolim

The MICR code 403211018 is used in RBI cheque clearing process to identify the branch Cuncolim Goa 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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