Axis Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Axis Bank Mumbai Mumbai Maharashtra

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MICR Code	400211037
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Springfields Lokhandwala Mum
Contact	400093
Bank Details	Axis Bank Springfields Lokhandwala Mum UTIB0000415

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400053
Country	IN
Address	"springfields",lokhandwala andheri (west)

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.

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Springfields Lokhandwala Mum (400211037)

How does MICR code 400211037 for Springfields Lokhandwala Mum 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 400211037 of Axis Bank, Springfields Lokhandwala Mum branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Springfields Lokhandwala Mum 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 Springfields Lokhandwala Mum

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 Springfields Lokhandwala Mum 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. 400211037 is the MICR code of Axis Bank for Springfields Lokhandwala Mum branch. MICR code for Springfields Lokhandwala Mum 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 Springfields Lokhandwala Mum is presented in the table alongside.

Use of Axis Bank MICR code for Springfields Lokhandwala Mum branch in mumbai

The MICR code 400211037 is used in RBI cheque clearing process to identify the branch Springfields Lokhandwala Mum 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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