Axis Bank Palghar Palghar Maharashtra MICR CODE

Find MICR Codes for Axis Bank Palghar Palghar Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nalasopara East
Contact 8879725262
Bank Details Axis Bank Nalasopara East UTIB0003226
Location Palghar, Palghar
City Palghar
District Palghar
State Maharashtra
Pincode
Country IN
Address Gr flr shop no 27 28 and 29 rd chandan naka nalasopara east rd chandan naka
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 400211168 for Nalasopara East 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 400211168 of Axis Bank, Nalasopara East branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Nalasopara East 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 -

>>Naigaon East >>Nalasopara East >>Papdi Naka Vasai >>Saphale >>Vasai East

MICR code for Axis Bank Nalasopara East

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 Nalasopara East 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. 400211168 is the MICR code of Axis Bank for Nalasopara East branch. MICR code for Nalasopara East 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 Nalasopara East is presented in the table alongside.

Use of Axis Bank MICR code for Nalasopara East branch in palghar

The MICR code 400211168 is used in RBI cheque clearing process to identify the branch Nalasopara East 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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