Axis Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Axis Bank Pune Pune Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indrayani Nagar
Contact 27434346
Bank Details Axis Bank Indrayani Nagar UTIB0002490
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411039
Country IN
Address Shop no-3 and office no-5, ground & 1st floor, shubh complex, plot no-sdc-6, sector-1, pcntda, indrayani nagar, bhosari, pune-411039
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 411211037 for Indrayani Nagar 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 411211037 of Axis Bank, Indrayani Nagar branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Indrayani Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Indrayani Nagar

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 Indrayani Nagar 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. 411211037 is the MICR code of Axis Bank for Indrayani Nagar branch. MICR code for Indrayani Nagar 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 Indrayani Nagar is presented in the table alongside.

Use of Axis Bank MICR code for Indrayani Nagar branch in pune

The MICR code 411211037 is used in RBI cheque clearing process to identify the branch Indrayani Nagar 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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