Axis Bank Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for Axis Bank Vadodara Vadodara Gujarat

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nizampura Gujarat
Contact 390002
Bank Details Axis Bank Nizampura Gujarat UTIB0000383
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 390002
Country IN
Address "alien complex", nizampura main road, vadodara
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 390211003 for Nizampura Gujarat 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 390211003 of Axis Bank, Nizampura Gujarat branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Nizampura Gujarat branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Nizampura Gujarat

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 Nizampura Gujarat 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. 390211003 is the MICR code of Axis Bank for Nizampura Gujarat branch. MICR code for Nizampura Gujarat 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 Nizampura Gujarat is presented in the table alongside.

Use of Axis Bank MICR code for Nizampura Gujarat branch in vadodara

The MICR code 390211003 is used in RBI cheque clearing process to identify the branch Nizampura Gujarat 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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