Axis Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Axis Bank Nagpur Nagpur Maharashtra

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MICR Code	440211018
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mahal
Contact	9923591942
Bank Details	Axis Bank Mahal UTIB0003242

Location	Nagpur, Nagpur
City	Nagpur
District	Nagpur
State	Maharashtra
Pincode	440032
Country	IN
Address	Ground floor plot no 90 ruikar road mahal nagpur pin 440032

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 440211018 for Mahal 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 440211018 of Axis Bank, Mahal branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mahal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 30 branches of Axis Bank are available with micr code -

>>Byramji Town Nagpur >>Civil Lines Nagpur >>Dattatray Nagar >>Dhantoli >>Dr Babasaheb Ambedkar Urban Coop >>Friends Colony >>Gandhibagh >>Hingna Road >>Hudkeshwar >>Indora Square >>Jansewa Urban Coop Bank Ltd >>Jaripatka Nagpur >>Koradi >>Lakadganj Nagpur (East) >>Madhav Nagar (Nagpur) >>Mahal >>Manish Nagar >>Medical Square Nagpur >>Nagpur >>Nagpur (Service Branch) >>Nandanvan >>Ravi Nagar Nagpur >>Savner >>Shankar Nagar Nagpur >>Sknsbl Sitabardi Nagpur >>Surya Nagar >>Swavalambi Nagar >>Telecom Nagar >>Umiya Urban Co Op Bank Maryadit >>Wardha Road Nagpur

MICR code for Axis Bank Mahal

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 Mahal 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. 440211018 is the MICR code of Axis Bank for Mahal branch. MICR code for Mahal 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 Mahal is presented in the table alongside.

Use of Axis Bank MICR code for Mahal branch in nagpur

The MICR code 440211018 is used in RBI cheque clearing process to identify the branch Mahal 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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