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 Swapna Nagari Mulund W
Contact
Bank Details Axis Bank Swapna Nagari Mulund W UTIB0004889
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode
Country IN
Address Gr flr, shop nos 12 to 16, vasant garden, willow tower shopping, nr swapna nagari, mulund w, mumbai
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 Swapna Nagari Mulund W 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, Swapna Nagari Mulund W branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Swapna Nagari Mulund W 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 Swapna Nagari Mulund W

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 Swapna Nagari Mulund W 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 Swapna Nagari Mulund W branch. MICR code for Swapna Nagari Mulund W 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 Swapna Nagari Mulund W is presented in the table alongside.

Use of Axis Bank MICR code for Swapna Nagari Mulund W branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Swapna Nagari Mulund W 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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