Axis Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Axis Bank Aurangabad Aurangabad Maharashtra

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MICR Code	431211008
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Juna Mondha
Contact	9766914263
Bank Details	Axis Bank Juna Mondha UTIB0003315

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Maharashtra
Pincode	431001
Country	IN
Address	Gr flr shop no10 11 12 13 e and13 w moti panna plot no 4 5 63 1 jadhav mandhi aurangabad 431001

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 431211008 for Juna Mondha 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 431211008 of Axis Bank, Juna Mondha branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Juna Mondha branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Axis Bank are available with micr code -

>>Aurangabad Maharashtra >>Beed Bypass >>Cidco Aurangabad >>Juna Mondha >>Nirala Bazar >>Saraswati Colony >>Tv Centre

MICR code for Axis Bank Juna Mondha

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 Juna Mondha 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. 431211008 is the MICR code of Axis Bank for Juna Mondha branch. MICR code for Juna Mondha 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 Juna Mondha is presented in the table alongside.

Use of Axis Bank MICR code for Juna Mondha branch in aurangabad

The MICR code 431211008 is used in RBI cheque clearing process to identify the branch Juna Mondha 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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