Axis Bank Raigad Mahad Maharashtra MICR CODE

Find MICR Codes for Axis Bank Raigad Mahad Maharashtra

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MICR Code	402211002
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mahad
Contact	9820209026
Bank Details	Axis Bank Mahad UTIB0003318

Location	Raigad, Mahad
City	Raigad
District	Mahad
State	Maharashtra
Pincode	402301
Country	IN
Address	Grd flr sai arcade shop nos 1 2 3 shivaji chowk opp post off tal mahad raigad 402301

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 402211002 for Mahad 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 402211002 of Axis Bank, Mahad branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mahad 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 -

>>Mahad

MICR code for Axis Bank Mahad

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 Mahad 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. 402211002 is the MICR code of Axis Bank for Mahad branch. MICR code for Mahad 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 Mahad is presented in the table alongside.

Use of Axis Bank MICR code for Mahad branch in raigad

The MICR code 402211002 is used in RBI cheque clearing process to identify the branch Mahad 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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