Axis Bank Thane New Bombay Maharashtra MICR CODE

Find MICR Codes for Axis Bank Thane New Bombay Maharashtra

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MICR Code	400211148
Bank	Axis Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vashi
Contact	9167000362
Bank Details	Axis Bank Vashi UTIB0002775

Location	Thane, New Bombay
City	Thane
District	New Bombay
State	Maharashtra
Pincode	400703
Country	IN
Address	Gr shop no 10 sector 10 vashi navi mumbai dist thane maharashtra pin 400703

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 400211148 for Vashi 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 400211148 of Axis Bank, Vashi branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Vashi 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 -

>>Vashi

MICR code for Axis Bank Vashi

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 Vashi 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. 400211148 is the MICR code of Axis Bank for Vashi branch. MICR code for Vashi 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 Vashi is presented in the table alongside.

Use of Axis Bank MICR code for Vashi branch in thane

The MICR code 400211148 is used in RBI cheque clearing process to identify the branch Vashi 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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