Axis Bank Khed Shivapur Pune Maharashtra MICR CODE

Find MICR Codes for Axis Bank Khed Shivapur Pune Maharashtra

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MICR Code	411211020
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Khed Shivapur
Contact	(020) 24384584/ 5 / (020) 24384801
Bank Details	Axis Bank Khed Shivapur UTIB0001039

Location	Khed Shivapur, Pune
City	Khed Shivapur
District	Pune
State	Maharashtra
Pincode	412205
Country	IN
Address	Ground floor, "muktangan", kondhanpur phata, a/p, khed shivapur, dist.pune, maharashtra , pin 412205

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 411211020 for Khed Shivapur 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 411211020 of Axis Bank, Khed Shivapur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Khed Shivapur 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 -

>>Khed Shivapur

MICR code for Axis Bank Khed Shivapur

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 Khed Shivapur 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. 411211020 is the MICR code of Axis Bank for Khed Shivapur branch. MICR code for Khed Shivapur 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 Khed Shivapur is presented in the table alongside.

Use of Axis Bank MICR code for Khed Shivapur branch in khed shivapur

The MICR code 411211020 is used in RBI cheque clearing process to identify the branch Khed Shivapur 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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