Axis Bank Mohpada Raigad Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mohpada Raigad Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mohpada Rasayani
Contact 9167390898
Bank Details Axis Bank Mohpada Rasayani UTIB0003104
Location Mohpada, Raigad
City Mohpada
District Raigad
State Maharashtra
Pincode 410222
Country IN
Address Gr flr plot no 1548 darshan hotel mohpada khalapur raigad maharashtra pin 410222
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 410211002 for Mohpada Rasayani 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 410211002 of Axis Bank, Mohpada Rasayani branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Mohpada Rasayani 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 -

>>Mohpada Rasayani

MICR code for Axis Bank Mohpada Rasayani

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 Mohpada Rasayani 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. 410211002 is the MICR code of Axis Bank for Mohpada Rasayani branch. MICR code for Mohpada Rasayani 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 Mohpada Rasayani is presented in the table alongside.

Use of Axis Bank MICR code for Mohpada Rasayani branch in mohpada

The MICR code 410211002 is used in RBI cheque clearing process to identify the branch Mohpada Rasayani 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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