Axis Bank Loni Kolbhor Pune Maharashtra MICR CODE

Find MICR Codes for Axis Bank Loni Kolbhor Pune Maharashtra

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MICR Code	411211055
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Loni
Contact	9665945099
Bank Details	Axis Bank Loni UTIB0003185

Location	Loni Kolbhor, Pune
City	Loni Kolbhor
District	Pune
State	Maharashtra
Pincode	412201
Country	IN
Address	Gr fl tejaswini aprt loni station kadam vasti near surya tasar mall lonikalbhor havelipunepin 412201

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 411211055 for Loni 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 411211055 of Axis Bank, Loni branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Loni 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 -

>>Loni

MICR code for Axis Bank Loni

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 Loni 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. 411211055 is the MICR code of Axis Bank for Loni branch. MICR code for Loni 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 Loni is presented in the table alongside.

Use of Axis Bank MICR code for Loni branch in loni kolbhor

The MICR code 411211055 is used in RBI cheque clearing process to identify the branch Loni 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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