Axis Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pali Hill Bandra (West)
Contact
Bank Details Axis Bank Pali Hill Bandra (West) UTIB0001585
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400050
Country IN
Address Gautam apartment, unit no.2 & 3, 72, pali hill, nargis dutta road, bandra (west), mumbai, maharashtra, pin 400050
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 400211101 for Pali Hill Bandra (West) 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 400211101 of Axis Bank, Pali Hill Bandra (West) branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Pali Hill Bandra (West) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Pali Hill Bandra (West)

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 Pali Hill Bandra (West) 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. 400211101 is the MICR code of Axis Bank for Pali Hill Bandra (West) branch. MICR code for Pali Hill Bandra (West) 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 Pali Hill Bandra (West) is presented in the table alongside.

Use of Axis Bank MICR code for Pali Hill Bandra (West) branch in mumbai

The MICR code 400211101 is used in RBI cheque clearing process to identify the branch Pali Hill Bandra (West) 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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