Axis Bank Navi Mumabi Mumbai Maharashtra MICR CODE

Find MICR Codes for Axis Bank Navi Mumabi Mumbai Maharashtra

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MICR Code	400211164
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sector Nighteen Airoli
Contact	9870233316
Bank Details	Axis Bank Sector Nighteen Airoli UTIB0003258

Location	Navi Mumabi, Mumbai
City	Navi Mumabi
District	Mumbai
State	Maharashtra
Pincode	400708
Country	IN
Address	Ground floor whispering palms shop no 12 13 14 plot no 49 sector 19 airoli navi mumbai 400708

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 400211164 for Sector Nighteen Airoli 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 400211164 of Axis Bank, Sector Nighteen Airoli branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Sector Nighteen Airoli 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 -

>>Sector Five Nerul East >>Sector Nighteen Airoli

MICR code for Axis Bank Sector Nighteen Airoli

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 Sector Nighteen Airoli 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. 400211164 is the MICR code of Axis Bank for Sector Nighteen Airoli branch. MICR code for Sector Nighteen Airoli 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 Sector Nighteen Airoli is presented in the table alongside.

Use of Axis Bank MICR code for Sector Nighteen Airoli branch in navi mumabi

The MICR code 400211164 is used in RBI cheque clearing process to identify the branch Sector Nighteen Airoli 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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