Axis Bank Jaysingpur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Axis Bank Jaysingpur Kolhapur Maharashtra

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MICR Code	416211153
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Jaysingpur
Contact	224848
Bank Details	Axis Bank Jaysingpur UTIB0003604

Location	Jaysingpur, Kolhapur
City	Jaysingpur
District	Kolhapur
State	Maharashtra
Pincode
Country	IN
Address	1690 a.b, lane no.12, shirol. Wadi road

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 416211153 for Jaysingpur 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 416211153 of Axis Bank, Jaysingpur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Jaysingpur 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 -

>>Jaysingpur

MICR code for Axis Bank Jaysingpur

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 Jaysingpur 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. 416211153 is the MICR code of Axis Bank for Jaysingpur branch. MICR code for Jaysingpur 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 Jaysingpur is presented in the table alongside.

Use of Axis Bank MICR code for Jaysingpur branch in jaysingpur

The MICR code 416211153 is used in RBI cheque clearing process to identify the branch Jaysingpur 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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