Axis Bank Shahapur Thane Maharashtra MICR CODE

Find MICR Codes for Axis Bank Shahapur Thane Maharashtra

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MICR Code	-NA-
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shahapur
Contact
Bank Details	Axis Bank Shahapur UTIB0004854

Location	Shahapur, Thane
City	Shahapur
District	Thane
State	Maharashtra
Pincode
Country	IN
Address	Gr flr shop no 6 to 11, om nivas chs, opp pnb, chintam nagar, vil kalambhe, tal shahapur, dist thane

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 0 for Shahapur 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 0 of Axis Bank, Shahapur branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shahapur 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 -

>>Shahapur

MICR code for Axis Bank Shahapur

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 Shahapur 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. 0 is the MICR code of Axis Bank for Shahapur branch. MICR code for Shahapur 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 Shahapur is presented in the table alongside.

Use of Axis Bank MICR code for Shahapur branch in shahapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Shahapur 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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