Axis Bank Rahuri Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Axis Bank Rahuri Ahmadnagar Maharashtra

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MICR Code	413211998
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rahuri Maharashtra
Contact	(02426) 232 800/01/ 11
Bank Details	Axis Bank Rahuri Maharashtra UTIB0000742

Location	Rahuri, Ahmadnagar
City	Rahuri
District	Ahmadnagar
State	Maharashtra
Pincode	413705
Country	IN
Address	Ground floor, nagar manmad highway rahuri khurd, taluka rahuri dist. Ahmednagar, pin 413 705,maharashtra

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 413211998 for Rahuri Maharashtra 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 413211998 of Axis Bank, Rahuri Maharashtra branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Rahuri Maharashtra branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Axis Bank are available with micr code -

>>Ahmednagar Zilla Prathmik Shikshak >>Rahuri Maharashtra

MICR code for Axis Bank Rahuri Maharashtra

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 Rahuri Maharashtra 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. 413211998 is the MICR code of Axis Bank for Rahuri Maharashtra branch. MICR code for Rahuri Maharashtra 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 Rahuri Maharashtra is presented in the table alongside.

Use of Axis Bank MICR code for Rahuri Maharashtra branch in rahuri

The MICR code 413211998 is used in RBI cheque clearing process to identify the branch Rahuri Maharashtra 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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