Axis Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Axis Bank Pune Pune Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kirkee
Contact 9004221257
Bank Details Axis Bank Kirkee UTIB0003722
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411020
Country IN
Address Grnd flr 46 goyal niwas opp ganapati mandir aundhj road kirkee 411020
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 411211062 for Kirkee 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 411211062 of Axis Bank, Kirkee branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Kirkee branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Kirkee

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 Kirkee 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. 411211062 is the MICR code of Axis Bank for Kirkee branch. MICR code for Kirkee 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 Kirkee is presented in the table alongside.

Use of Axis Bank MICR code for Kirkee branch in pune

The MICR code 411211062 is used in RBI cheque clearing process to identify the branch Kirkee 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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