Axis Bank Kamothe Raigad Maharashtra MICR CODE

Find MICR Codes for Axis Bank Kamothe Raigad Maharashtra

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MICR Code	400211069
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Kamothe Navi Mumbai
Contact	(022) 65210167/ 71/ 75
Bank Details	Axis Bank Kamothe Navi Mumbai UTIB0000885

Location	Kamothe, Raigad
City	Kamothe
District	Raigad
State	Maharashtra
Pincode	410206
Country	IN
Address	Ground & first floor, sai prasad arcade, plot no.2, sector 7, kamothe, navi mumbai, dist. Raigad, maharashtra pin 410206

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 400211069 for Kamothe Navi Mumbai 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 400211069 of Axis Bank, Kamothe Navi Mumbai branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kamothe Navi Mumbai 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 -

>>Kamothe Navi Mumbai

MICR code for Axis Bank Kamothe Navi Mumbai

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 Kamothe Navi Mumbai 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. 400211069 is the MICR code of Axis Bank for Kamothe Navi Mumbai branch. MICR code for Kamothe Navi Mumbai 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 Kamothe Navi Mumbai is presented in the table alongside.

Use of Axis Bank MICR code for Kamothe Navi Mumbai branch in kamothe

The MICR code 400211069 is used in RBI cheque clearing process to identify the branch Kamothe Navi Mumbai 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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