Axis Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Axis Bank Kolhapur Kolhapur Maharashtra

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nagala Parkkolhapur
Contact	9198817141
Bank Details	Axis Bank Nagala Parkkolhapur UTIB0003014

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416003
Country	IN
Address	Gr fl office no1a front side rs no 250b27b near rajhans printing press nagala kolhapur 416003

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 0 for Nagala Parkkolhapur 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 0 of Axis Bank, Nagala Parkkolhapur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Nagala Parkkolhapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Axis Bank are available with micr code -

>>Kolhapur (Maharashtra) >>Nagala Parkkolhapur >>New Mahadwar Road >>Tarabai Park >>Uchagaon Mh

MICR code for Axis Bank Nagala Parkkolhapur

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 Nagala Parkkolhapur 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. 0 is the MICR code of Axis Bank for Nagala Parkkolhapur branch. MICR code for Nagala Parkkolhapur 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 Nagala Parkkolhapur is presented in the table alongside.

Use of Axis Bank MICR code for Nagala Parkkolhapur branch in kolhapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nagala Parkkolhapur 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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