Axis Bank Peth Vadagaon Kolhapur Maharashtra MICR CODE

Find MICR Codes for Axis Bank Peth Vadagaon Kolhapur Maharashtra

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MICR Code	416211007
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vadgaon Kasba
Contact	1801035577
Bank Details	Axis Bank Vadgaon Kasba UTIB0003805

Location	Peth Vadagaon, Kolhapur
City	Peth Vadagaon
District	Kolhapur
State	Maharashtra
Pincode	416112
Country	IN
Address	First floor, rayee plaza, sr no. 719b 4, bridev chowk, near central bus stand, peth vadagaon, taluka. Hatakangale, district kolhapur 416112

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 416211007 for Vadgaon Kasba 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 416211007 of Axis Bank, Vadgaon Kasba branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Vadgaon Kasba 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 -

>>Vadgaon Kasba

MICR code for Axis Bank Vadgaon Kasba

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 Vadgaon Kasba 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. 416211007 is the MICR code of Axis Bank for Vadgaon Kasba branch. MICR code for Vadgaon Kasba 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 Vadgaon Kasba is presented in the table alongside.

Use of Axis Bank MICR code for Vadgaon Kasba branch in peth vadagaon

The MICR code 416211007 is used in RBI cheque clearing process to identify the branch Vadgaon Kasba 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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