Axis Bank Basmath Hingoli Maharashtra MICR CODE

Find MICR Codes for Axis Bank Basmath Hingoli Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jai Kalimata Mahila Urban Coop Bank
Contact 220485
Bank Details Axis Bank Jai Kalimata Mahila Urban Coop Bank UTIB0SJKMM1
Location Basmath, Hingoli
City Basmath
District Hingoli
State Maharashtra
Pincode 431512
Country IN
Address Society complex, mama chowk basmath 431 512
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 Jai Kalimata Mahila Urban Coop Bank 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, Jai Kalimata Mahila Urban Coop Bank branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Jai Kalimata Mahila Urban Coop Bank branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Axis Bank are available with micr code -

>>Basmath >>Jai Kalimata Mahila Urban Coop Bank >>Shri Shiveshwar Nagri Sahakari Bank Ltd

MICR code for Axis Bank Jai Kalimata Mahila Urban Coop Bank

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 Jai Kalimata Mahila Urban Coop Bank 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 Jai Kalimata Mahila Urban Coop Bank branch. MICR code for Jai Kalimata Mahila Urban Coop Bank 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 Jai Kalimata Mahila Urban Coop Bank is presented in the table alongside.

Use of Axis Bank MICR code for Jai Kalimata Mahila Urban Coop Bank branch in basmath

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jai Kalimata Mahila Urban Coop Bank 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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