Axis Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Axis Bank Pune Pune Maharashtra

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shankarseth Road
Contact 9545514613
Bank Details Axis Bank Shankarseth Road UTIB0003182
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411037
Country IN
Address Gr flshowroom no 3 suyog navkaar final plot no 394 395a mouje gultekdi seven loves chowk 411037
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 411211057 for Shankarseth Road 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 411211057 of Axis Bank, Shankarseth Road branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Shankarseth Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Shankarseth Road

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 Shankarseth Road 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. 411211057 is the MICR code of Axis Bank for Shankarseth Road branch. MICR code for Shankarseth Road 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 Shankarseth Road is presented in the table alongside.

Use of Axis Bank MICR code for Shankarseth Road branch in pune

The MICR code 411211057 is used in RBI cheque clearing process to identify the branch Shankarseth Road 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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