Axis Bank Raver Jalgaon Maharashtra MICR CODE

Find MICR Codes for Axis Bank Raver Jalgaon Maharashtra

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MICR Code	425211252
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Raver
Contact	251339
Bank Details	Axis Bank Raver UTIB0003974

Location	Raver, Jalgaon
City	Raver
District	Jalgaon
State	Maharashtra
Pincode	425508
Country	IN
Address	Ashirwad complex nr hdfc bank opp to idbi bank station rd raver jalgaon maharashtra 425508

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 425211252 for Raver 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 425211252 of Axis Bank, Raver branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Raver branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Axis Bank are available with micr code -

>>Raver

MICR code for Axis Bank Raver

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 Raver 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. 425211252 is the MICR code of Axis Bank for Raver branch. MICR code for Raver 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 Raver is presented in the table alongside.

Use of Axis Bank MICR code for Raver branch in raver

The MICR code 425211252 is used in RBI cheque clearing process to identify the branch Raver 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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