Axis Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saki Naka
Contact (022) 28524000/ 001/ 002/003 9820592532 (022) 285524044
Bank Details Axis Bank Saki Naka UTIB0001696
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400072
Country IN
Address Ground floor, unit no g1,g4 & g5, sagar tech plaza, b wing, andheri kurla road, sakinaka, mumbai, maharashtra, pin 400072
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 400211117 for Saki Naka 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 400211117 of Axis Bank, Saki Naka branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Saki Naka branch, makes the characters readable even if there are other marks and stamps on it.

A total of 121 branches of Axis Bank are available with micr code -

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MICR code for Axis Bank Saki Naka

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 Saki Naka 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. 400211117 is the MICR code of Axis Bank for Saki Naka branch. MICR code for Saki Naka 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 Saki Naka is presented in the table alongside.

Use of Axis Bank MICR code for Saki Naka branch in mumbai

The MICR code 400211117 is used in RBI cheque clearing process to identify the branch Saki Naka 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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